Market Wrap: Sensex slides 401 pts, Nifty slips below 26,100 as profit-taking kicks in near record levels

Indian stocks experienced a downturn on Friday, with the Sensex and Nifty retreating from near-record highs due to profit-taking. Banking giants ICICI Bank and HDFC Bank were among the decliners. This decline mirrored a global selloff, influenced by uncertain U.S. jobs data that cast a shadow over future interest rate expectations.