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Indian benchmark indices fell on Friday after two days of gains, dragged by financial and IT stocks as investors stayed cautious ahead of next week’s corporate earnings season.

Devender Singhal, Fund Manager at Kotak Mahindra AMC, discusses market outlook and expects a focus on earnings growth. He sees opportunities in quick commerce, traditional companies, and the pharma sector, especially in CDMO. Singhal is positive about consumption trends, particularly in rural areas and forecasts growth in upcoming quarters with improving infrastructure and lower inflation.

NSE witnessed the highest number of IPOs in Asia in 2024, with 268 IPOs raising over Rs 1.6 lakh crore. This surpasses other major exchanges like Japan, Hong Kong, and Shanghai. NSE also facilitated the highest equity capital raised globally through IPOs in 2024.

The Indian benchmark indices closed in the red on Friday, the third trading day of 2025, after gaining in the first two sessions. The pullback was led by heavyweight financial and IT stocks, as investors remained cautious ahead of the corporate earnings season starting next week.

The Nifty Bank index closed 1.2 per cent at 50988.80.

European stocks dipped at the end of a holiday-shortened week, with traders focussed on economic data for clues on the path of interest rates as well as potential changes in U.S. policies under a Donald Trump presidency.

Demand is not a challenge at all. We are expecting rate increase to be in the range of early teens. And as far as business on books is concerned, for Q4 also demand looks to be quite good. And if we fast forward to Q1 of FY25, so this year, Q1, we had election season which led to dampening of demand for the industry in Q1. So, for Q1 next year, we are sitting on a very high base.

Amid the market turbulence, ETMarkets identified five stocks from the BSE500 index that have suffered significant declines, each plunging over 50% from their 52-week highs.