India's equity markets ended the week with notable losses, with the NSE Nifty declining 1.1% to 23,897.95 and the BSE Sensex falling 1.3% to 76,664.21. The decline came as optimism for a truce between the US and Iran faded, with the Strait of Hormuz remaining closed and both nations exchanging harsh rhetoric. Crude oil prices spiked nearly 17% this week, reaching $107.5 per barrel, further dampening market sentiment. The IT sector was particularly hard-hit, with the Nifty IT index dropping 5.3%, influenced by disappointing earnings forecasts from major companies like Infosys and Persistent Systems. Foreign portfolio investors sold shares worth a net ₹8,827.87 crore on Friday, contributing to the bearish trend. Analysts recommend a cautious approach to investing, suggesting that while declines may present buying opportunities, earnings are expected to moderate in the coming quarters due to the ongoing geopolitical tensions.