India stocks end lower as liquidity tightening and IT weakness weigh on trade

Indian shares finished softer on the day, with Reuters flagging a six-week low as IT names weakened and oil-related worries persisted. The macro backdrop was also shaped by the central bank’s liquidity management: Reuters reported the RBI sold at least $8 billion last week to support the rupee and withdrew more than 6 trillion rupees from the banking system after a record liquidity spike. Both reports point to tighter near-term funding conditions, though the market impact remains fresh and could evolve as post-close liquidity data comes through. Among individual movers, MVGJL, ESDS, PKTEA, XTRANET, PCJEWELLER and TEXMOPIPES posted sharp gains, but no direct company-specific catalyst was supplied for these names, so the moves should be treated as price action rather than explained fundamentals. Reuters also reported coal rail shipments picking up as power plant stocks dwindle, but no linked stock-specific read-through was provided in the dataset. Indian stocks slip to six-week low as IT slides, oil worries mount, Indian central bank unloaded at least $8 billion last week to anchor rupee, bankers say, India's central bank withdraws over 6 trillion rupees of bank liquidity after record spike