Stock Market
Bloodbath continues on Dalal Street! Sensex slips again, Nifty breaks 25,850
Mumbai/IBNS: Indian equity benchmarks extended their decline at the opening bell on Friday, following a sharp sell-off on Dalal Street in the previous session, media reports said.
The BSE Sensex slipped over 200 points in early trade, while the NSE Nifty 50 fell below the 25,850 mark.
Investor sentiment remained cautious ahead of the Supreme Court’s ruling on the legality of US tariffs imposed on higher-margin goods imported from India.
Both the Sensex and the Nifty closed in the red on Thursday, marking their fourth consecutive session of losses.
How did the market perform in the previous session?
On Thursday, the Sensex plunged 780.18 points to settle at 84,180.96, while the Nifty declined 263.90 points to end at 25,876.85.
Selling pressure was broad-based, with metal, IT, oil and gas, PSU banking and realty stocks witnessing heavy losses. The downturn was visible across large-cap, mid-cap and small-cap stocks.
Among sectoral indices, Nifty Metal slumped 3.40 per cent, Nifty Oil and Gas dropped 2.84 per cent, and Nifty IT fell 2 per cent, reflecting widespread selling across key sectors.
Heavyweights such as Reliance Industries, TCS and Tech Mahindra weighed on the benchmarks, mirroring weak investor sentiment.
Amid the broader sell-off, ICICI Bank, Bajaj Finance and Eternal managed to post marginal gains.
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