Mumbai, May 23 -- The domestic equity benchmarks ended with significant losses this week, weighed down by heightened volatility. Indices ended lower for three out of five trading sessions. The decline was driven by escalating global trade tensions including fiscal deficits, rising bond yields and renewed fiscal concerns in major economies. Investor sentiment was further dampened by growing apprehensions over the U.S. fiscal outlook, following Moody's downgrade of the U.S. credit outlook. Investors largely overlooked several positive domestic economic data and reacted strongly to overseas headwinds.

Going forward, investors are expected to closely track bond yields, global economic indicators, and upcoming Q4 earnings results.

In the wee...