New Delhi, Aug. 23 -- The Indian stock market snapped a six-day winning streak on Friday as most Dalal Street indices witnessed panic selling ahead of Jerome Powell's speech at the Jackson Hole Symposium. The Nifty 50 index lost 213 points and closed at 24,870, the BSE Sensex shed 693 points and closed at 81,306, while the Bank Nifty index corrected 606 points and finished at 55,149. However, Auto heavyweights M&M, Maruti, and BEL led the charge among the Nifty's top performers. In contrast, on the flip side, it proved to be a tough session for names like Grasim, Asian Paints, and Adani Enterprises, which ended as the major losers within the Nifty pack.

According to experts, the Indian stock market may witness a trend reversal on Monday ...