नवीनतम
Sensex, Nifty end lower amid India–US trade developments
MUMBAI [Maha Media]: Indian equity markets recorded their sharpest fall in a month on Thursday, with benchmark indices extending losses for the fourth consecutive session amid rising concerns over India–US trade tensions.
Investor sentiment turned cautious after reports suggested that the administration of US President Donald Trump could consider imposing steep tariffs of up to 500 per cent on Indian goods. The prospect of such measures triggered widespread selling across sectors, leading to broad-based risk aversion.
By the end of the session, the Sensex closed at 84,180.96, down 780.18 points or 0.92 per cent, while the Nifty settled at 25,876.85, declining 263.9 points or 1.01 per cent.
Among Sensex heavyweights, TCS, Tech Mahindra, L&T, Reliance Industries and Tata Steel were the top losers. Eternal, ICICI Bank, Bajaj Finance and BEL were the only gainers.
Selling pressure was more pronounced in the broader market, with mid- and small-cap stocks witnessing sharp declines. The Nifty Midcap 100 and Nifty Smallcap 100 indices fell nearly 2 per cent each.
Sector-wise, losses were widespread, with all indices ending in the red. Metal stocks bore the brunt of the sell-off as the Nifty Metal index dropped over 3 per cent. Oil and gas stocks also remained under pressure, with the Nifty Oil and Gas index falling around 2.8 per cent. PSU banking and IT stocks were among the other major laggards, declining about 2 per cent each.
