Stock market update, Jan. 27 -- Indian equity benchmarks extended their corrective phase on Friday, with the Nifty 50 ending the week on a negative note, declining 2.51% or 645.70 points. Global risk sentiment remained subdued amid renewed uncertainty around global growth, rising US bond yields, and evolving trade policy signals. Overnight weakness in global equities set a cautious tone for domestic markets. With sentiment already fragile and positions stretched, even modest negative triggers resulted in outsized price swings and heightened intraday volatility.

Early in the week, concerns around the "Greenland Gambit" narrative and fears of a potential Trump-led tariff shock further weighed on investor confidence, keeping markets under s...