Indian stock market weakens as Nifty slips below key moving averages.

Indian stock market weakens as Nifty slips below key moving averages. Benchmark indices closed sharply lower Friday with Nifty falling 1.25% to 25,178.65 and Sensex dropping 1.17% to 81,287.19. Auto, financial and FMCG stocks led declines while IT showed selective strength. February's volatility created a 1,770-point monthly range, the broadest since April 2025, reflecting investor uncertainty. Technical analysis reveals critical support at 24,900 with potential downside toward 24,600 if breached decisively. Resistance emerges at 25,450-25,500 where sustained breakout needed to restore bullish momentum. Global headwinds persist as US markets fell Friday amid AI-related concerns and inflation data exceeding expectations. Long-short ratio weakening signals cautious market sentiment ahead.