Markets Decline Nearly Half a Percent on Weekly Expiry as Weak IIP Data, Rupee Pressure and Policy Uncertainty Extend the Consolidation Phase

Dear Trader… Markets slipped on the weekly expiry day, extending the ongoing consolidation phase with a decline of nearly half a percent. After a weak opening, Nifty futures gradually drifted lower through the session and settled near the day’s bottom at 26,228, down 0.40% from the previous close of 26,334.