Post-Market Report: Volatile markets end in red: Nifty maintains 9100



Indian indices

Extending losses for the second consecutive week, the Indian equity indices settled marginally lower in a volatile session, as investors stayed cautious in the midst of the earnings season. The Nifty slipped below 9100, dragged down by index heavyweights like Sun Pharma and ITC. However, RIL and HDFC Bank supported the market.

Small and Midcap stocks hit record highs, with the Nifty Smallcap 100 index climbing as much as 1.1% and the Nifty Midcap 100 index up as much as 0.6%.

Global signals

US stock index futures were trading lower on Friday.

Asian stocks were set to end the week on a positive note, unscathed by a US trade probe on Chinese steel exports, while the euro remained on the edge ahead of Sunday's first round in a tight French presidential election in light of a shooting overnight in Paris that was claimed by Islamic State.

European shares advanced in early deals on Friday, though France's benchmark CAC 40 declined slightly ahead of the first round of voting in the French presidential election over the weekend.

Chinese shares in Shanghai added 0.1%, set for a 2.2% weekly drop, their worst since mid-December. Hong Kong stocks were little changed, heading for a 0.8% loss for the week.

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