Market Wrap: Sensex slides 367 pts, Nifty slips below 26,050 as year-end profit-taking caps weekly gains

The BSE Sensex fell 367 points, or 0.4%, to end at 85,041.45, while the NSE Nifty 50 declined 0.4% to 26,042.3, slipping below the 26,050 mark. On the 30-stock Sensex, shares of Bajaj Finance, Asian Paints, Eternal, Sun Pharma and Tech Mahindra were among the biggest drags, each falling between 1% and 1.5%. Friday’s decline pared weekly gains for the benchmark indices. The Nifty 50 rose 0.3% for the week, while the Sensex added 0.1%, snapping a three-week losing streak.