Indian shares posted a weekly loss on Friday and the rupee slid past the 96-per-dollar level as surging oil prices weighed on sentiment, while IT stocks declined on renewed concerns over AI-led earnings disruption.
Brent crude climbed 3.4% to $109.3 a barrel after an attack on one ship and the seizure of another in the Middle East intensified energy-supply worries.
The rupee weakened to a record low on Friday and has declined 1.5% this week. Foreign outflows were at a record $23.63 billion so far in 2026.
On the day, the Nifty 50 fell 0.19% to 23,643.50 and the Sensex shed 0.21% to 75,237.99. They lost 2.2% and 2.7% for the week, snapping a two-week winning streak.
Thirteen of the 16 major sectors logged weekly losses. Broader small- and mid-caps fell 4.6% and 2.2%, respectively.
