FX.co ★ Indian Stocks Finish Lower

India's BSE Sensex experienced a decline, closing around 0.9% lower at 81,537.7 on Friday. This downturn followed yesterday's rebound, as ongoing foreign fund withdrawals and mixed financial results overshadowed the relief from reduced geopolitical tensions. On the data side, preliminary figures indicated that India's private sector growth picked up pace in January 2026, driven by accelerated expansion in both manufacturing and service sectors. Shares of the heavyweight Adani Group faced substantial pressure, with losses ranging from 5% to 10%, greatly contributing to the benchmarks' fall. This pressure ensued after the US Securities and Exchange Commission sought court permission to issue summonses via email to Indian billionaire Gautam Adani and group executive Sagar Adani regarding accusations of fraud and involvement in a $265 million bribery scheme. Over the week, the index recorded a 2.4% drop.