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.
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