Equity benchmarks closed sharply lower on Friday, marking the sixth consecutive session of losses.
Weak global cues, sustained foreign fund outflows, and pressure on IT and pharma stocks weighed on sentiment.
The sell-off was broad-based, with pharma and IT leading the decline after the US announced tariffs on branded drugs.
IT stocks came under further pressure due to weak guidance from Accenture and concerns over visa policy changes.
Persistent FII selling and a depreciating rupee added to the market’s downward momentum.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY FMCG
-0.5
NIFTY MEDIA
-1.1
NIFTY OIL & GAS
-0.7
NIFTY PRIVATE BANK
-1.1
NIFTY REALTY
-1.0
NIFTY PSU BANK
-1.8
NIFTY AUTO
-1.0
NIFTY METAL
-1.9
Top News
Waaree Energies fell nearly 8% after US customs launched a probe into suspected tariff evasion, alleging the company mislabeled Chinese-made solar cells and panels as ‘Made in India’.
Tata Motors gained over 2% as Jaguar Land Rover partially restored digital systems disrupted by a recent cyberattack, aiding a rebound after two days of losses.
Jewellery stocks slipped as record-high gold and silver prices fueled concerns about slowing demand despite the metals hitting fresh peaks this month.
