Stock market news, Sept. 21 -- India's stock market indices declined on Friday as profit-taking occurred in financial and IT shares, although the market still recorded a third consecutive week of increases following a US interest rate reduction, local tax cuts, and positive sentiment surrounding trade discussions with Washington.

The Nifty 50 dropped by 0.38% to 25,327.05, while the Sensex decreased by 0.47% to 82,626.23 on Friday.

On Wednesday, the US Federal Reserve announced a 25 basis point cut in interest rates, a move that was widely expected.

Lower interest rates in the US enhance the attractiveness of emerging markets like India to foreign portfolio investors, as Treasury yields and the dollar generally fall in this environment...