Overview
- The BSE Sensex fell 182.01 points to 81,451.01 and the NSE Nifty lost 82.90 points to 24,750.70, marking a second consecutive weekly decline of around 0.4%.
- IT shares were the biggest drags with Tech Mahindra, HCL Tech and Infosys among the top decliners and Asian markets also weakened.
- The US Court of Appeals temporarily reinstated President Donald Trump’s reciprocal tariffs on foreign imports, reigniting trade-policy concerns.
- India’s industrial production growth slowed to 2.7% in April, denting sentiment even as the RBI forecast that India will remain the fastest-growing major economy in FY26.
- Foreign institutional investors bought equities worth Rs 884.03 crore on Thursday while domestic institutions added Rs 4,286.50 crore ahead of Friday’s GDP data release.