Sensex, Nifty end lower as foreign investment fizzles; Tata Group shares gain

Benchmark stock market indices closed higher on Friday, after concern over a decrease in foreign outflows and geopolitical tension.
The S&P BSE Sensex was down by 230.05 points to close at 81,381.36, while the Nifty50 declined by 34.20 points to end at 24,964.25.
Vinod Nair, Head of Research, Geojit Financial Services said that the market traded sideways due to a lack of fresh triggers for decisive momentum.
“The uptick in US 10-year yield due to the unexpected rise in US core inflation and caution ahead of result season added layers of sentiment in the market. The ongoing geopolitical challenges influenced FIIs to shift their focus towards the affordable markets, which is impacting the domestic market liquidity,” he added.