Indian equities ended in the red for the third consecutive session on Friday, as concerns over US tariffs and their economic fallout continued to weigh on investor sentiment.
The Sensex closed 271 points, or 0.34 percent, lower at 79,809.65, while the Nifty 50 settled at 24,426.85, down 74 points, or 0.30 percent. The BSE Midcap index fell 0.41 percent, and the Smallcap index slipped 0.29 percent.
On a weekly basis, both Sensex and Nifty lost nearly 2 percent, while for the month, the Sensex declined 1.7 percent and the Nifty fell 1.3 percent—marking the second straight month of losses. Since July, Sensex has dropped 4.5 percent and Nifty 4.3 percent.
Market sentiment: Traders remained cautious as there are no signs of a truce between the US and India on tariffs. Experts warned that prolonged 50 percent tariffs could hit exports and weigh on the rupee.
Top losers in Nifty 50: Mahindra & Mahindra (down 2.89 percent), Reliance Industries (down 2.16 percent), and Infosys (down 2.07 percent).
Top gainers in Nifty 50: ITC (up 2.15 percent), Shriram Finance (up 1.79 percent), and BEL (up 1.53 percent).
Sectoral performance: Gains were seen in FMCG (up 0.95 percent), Media (up 0.35 percent), and Consumer Durables (up 0.15 percent), while Realty (down 1.33 percent), Oil & Gas (down 1.01 percent), Auto (down 0.88 percent), and IT (down 0.87 percent) ended lower. Nifty Bank slipped 0.31 percent.
Most active stocks: Vodafone Idea (72.1 crore shares), Ola Electric Mobility (49.7 crore shares), and YES Bank (19.14 crore shares) were the most traded on the NSE.
(By arrangement with livemint.com)
