Markets trim weekly gains on geopolitical concerns; Nifty drops nearly 1%

Benchmark indices fell on Friday, trimming their weekly gains, as escalating tensions between India and Pakistan pushed investors to book profits. The Sensex closed at 79,213, with a decline of 589, or 0.74 per cent, while the 50-share Nifty index ended at 24,039, dropping 207 points, or 0.9 per cent. Domestic indices managed to eke out 0.8 per cent gain for the week. Most global markets rose on Friday as US-China trade tensions eased.

 

Experts said concerns around the economic impact of rising geopolitical tensions between India and Pakistan has led to investors taking money off the table as markets