Indian equity markets snapped a two-day winning streak, closing lower on Friday. Profit booking emerged as investors turned cautious near 52-week highs, with Nifty and Sensex declining. The India VIX surged, signaling rising market uncertainty. Despite the broad market dip, several stocks, including Magellanic Cloud, Karnataka Bank, and Astec LifeSciences, showed strong positive price-volume breakouts, indicating potential buying interest.