FX.co ★ India Stocks Muted, Set for Weekly Losses

On Friday morning, the BSE Sensex stabilized around the 83,224 mark, showing minimal movement after two days of declines as investors exercised caution in the lead-up to President Donald Trump's July 9 deadline for trade tariff discussions. Investor sentiment took a further hit following the Securities and Exchange Board of India's move to prohibit the US-based firm Jane Street, citing alleged malpractice in derivatives trading. There was also heightened tension as market participants awaited the release of upcoming Chinese CPI and PPI data, against a backdrop of persistently weak domestic demand in China. Nonetheless, gains in the real estate and financial services sectors managed to balance out setbacks in metals and banking stocks. Among the notable movements: Bajaj Finance increased by 2.8%, Bajaj Finserv advanced by 2.0%, Adani Ports rose by 0.3%, while Tech Mahindra and Tata Steel experienced declines of 1.4% and 1.2% respectively. Overall, the Sensex appears set to record a 1.0% loss for the week, marking its first weekly drop in three weeks, amid ongoing uncertainties regarding US trade negotiations.