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Markets slipped on Friday as investors turned defensive ahead of Sundays Union Budget, with IT and metal stocks weighing on sentiment. Analysts highlighted persistent volatility amid global uncertainties, Fed leadership changes and FII pressure. With key levels holding firm, traders now await Budget cues to determine the markets next decisive move.
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Indian markets experienced a downturn on Friday, with Nifty ending its winning streak due to selling in key sectors. Geopolitical worries, the upcoming Union Budget, and a weakening rupee contributed to subdued sentiment. Analysts anticipate volatility during Sunday's special trading session, advising a cautious, hedged approach ahead of the budget announcement.
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Indias export strategy is shifting beyond its dependence on the US, with fresh FTAs across Europe, the UK, Middle East and Oceania. The EU deal alone opens tariff-free access for 99% of Indian goods. This diversification strengthens Indias trade resilience and reduces vulnerabilities tied to geopolitical uncertainty.
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