Indian markets logged a third straight weekly loss, with Nifty closing below 25,000 after Axis Bank's weak Q1 dragged private banks. Sensex fell 501 points, Midcaps and Smallcaps declined 0.7%. Wipro jumped post-earnings. Analyst Vijay Gupta sees upside to ₹275-280 if ₹254 holds. GMDC surged 13% on rare-earth news, while defense, MPS, and Clean Science stocks tumbled.