New Delhi, March 27 -- The Indian stock market resumed its losing streak on Friday, March 27, after a two-day recovery rally, as sentiment was dented by a rebound in crude oil prices and a sharp rise in Indian 10-year bond yields. Conflicting signals from the US and Iran on a potential ceasefire further weighed on sentiment, prompting traders to move away from riskier assets.

The Nifty 50 closed 2.09% lower at 22,819, erasing much of its recent gains and extending its weekly losing streak to five sessions.

The S&P BSE Sensex ended at 73,580, down 2.25% from the previous close. The broader market also saw heavy selling, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices declining by up to 2.3%.

Losses were largely led by PSU ...