Moneycontrol Pro Market Outlook | Indian equities on edge as Trump penalty and oil surge affect sentiment

Indian benchmark indices closed lower for a second straight week as global uncertainty and surging crude oil prices hit sentiment. The Nifty 50 fell 114 points to settle at 24,252. FIIs turned net sellers, pulling out Rs 1,601.65 crore, while the rupee got weaker against the US dollar on August 21.