The stock market snapped a four-week winning streak on Friday, weighed by broad-based selling in the last two sessions, even as state-run banks outperformed following a regulatory proposal from the market watchdog.

The NSE Nifty 50 index fell 0.3% for the week to close at 25,722, while the S&P BSE Sensex slipped 0.3% to 83,939. The Nifty reversed gains made earlier in the week, dropping over 450 points in the last two sessions amid profit-taking across sectors.

Broader markets fared better, with the Nifty Midcap 100 and Nifty Bank ending marginally higher for the week. The PSU Bank index was the top gainer, surging 5%, supported by a SEBI discussion paper that could ease eligibility criteria for banking operations. Union Bank of India jumped 5%, while Bank of Baroda and Indian Bank also

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