Market Extends Losses, Rupee Recovers from Record Low Amid Volatility

• Indian equity market fell for the second consecutive week due to FII outflows and rupee depreciation.
• BSE Sensex dropped 0.39% to 84,929.36, and Nifty50 shed 0.30% to 25,966.40.
• FIIs were net sellers for the week (Rs 251.86 crore), while DIIs remained net buyers (Rs 12,061.92 crore).
• The Indian rupee hit a record low of 91.08 but rebounded strongly, ending at 89.65 against the US dollar.
• Sectoral performance was mixed, with Nifty Private Bank and Media down, while Nifty PSU Bank and IT gained.

Why It Matters: Indian equities faced weekly losses due to FII outflows, but the rupee showed a strong recovery.