The Indian stock market closed lower for the second consecutive session, with the Sensex dropping 516.33 points (0.66%) to 77,328.19 and the Nifty 50 falling 150.50 points (0.62%) to 24,176.15. The market is expected to continue its downward trend as the Gift Nifty index indicated a negative opening for Monday. Institutional flows, currency movements, and sector participation, especially in banking and energy stocks, will be critical in determining market direction. Key stocks to watch include Canara Bank, Indian Hotels, and JSW Energy, which are set to report their Q4 results. Swiggy reported a reduced loss of ₹800 crore in Q4, while the Multi Commodity Exchange of India saw a 291% year-on-year profit increase to ₹530 crore. Conversely, Urban Company posted a net loss of ₹161.2 crore, and Hyundai Motor's net profit fell 22% to ₹1,256 crore despite a revenue increase. Overall, market sentiment remains volatile, influenced by geopolitical factors and crude oil trends.