Stock Market News, Feb. 23 -- The major domestic stock indices concluded the week on a downward trend, with the Sensex dropping 424.90 points to finish at 75,311.06, while the Nifty 50 decreased by 117.25 points, closing at 22,795.90.

Ongoing worries about global economic conditions and foreign institutional investor (FII) sell-offs impacted investor confidence. Vinod Nair, Head of Research at Geojit Financial Services, pointed out that India is currently trailing behind its Asian counterparts, as FII outflows remain elevated, with the strategy of "sell India, buy China" continuing to be profitable for now.

The domestic market has continued to show widespread weakness, largely due to investor worries about the hawkish tone of the FOMC m...