India’s Nifty index trimmed gains and closed lower after four straight weeks of advances as investors booked profits at elevated levels. Market breadth narrowed on the session as profit-taking hit cyclical and mid-cap segments while defensive names held up. Strategists described the move as short-term consolidation rather than a structural reversal, pointing to healthy domestic flows and SIP inflows that support the broader uptrend. Portfolio managers will monitor global cues, upcoming earnings and macro prints for confirmation of momentum resumption.