Mumbai: The stock market benchmark indices BSE Sensex and NSE Nifty marginally drifted lower on Friday. The Sensex slipped 13.80 points to 84,167.16, while
the broader The Nifty went down 22.40 points to 25,854.45. The indices lowered amid unabated foreign fund outflows and renewed concerns over potential US tariff hikes.
Laggards from the Sensex pack: NTPC, Adani Ports, Sun Pharma, Trent, ICICI Bank, and Tata Motors Passenger Vehicles. Gainers included, Bharat Electronics, Asian Paints, Eternal, and HCL Tech.
Foreign institutional investors continued with their selling and offloaded equities worth Rs 3,367.12 crore on Thursday, while Domestic Institutional Investors (DIIs) pumped in Rs 3,701.17 crore to purchase equities.
Stock Market: ‘Risk appetite remains subdued’
“Indian equity markets enter today’s session with a cautious undertone following the sharp sell-off in the previous trading day. Risk appetite remains subdued as global trade-related uncertainties continue to weigh on investor sentiment.
“Persistent concerns over potential US tariff actions linked to India’s Russian oil imports have kept sentiment fragile, while the lack of visible progress in US–India trade discussions is reinforcing institutional caution, particularly among foreign investors,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, told PTI.
Shanghai’s SSE Composite index, Japan’s Nikkei 225 index, and South Korea’s Kospi index traded higher, while Hong Kong’s Hang Seng index went down. The US stock markets settled on a mixed note on Thursday. Brent crude, the global oil benchmark, appreciated 0.53 per cent to USD 62.32 per barrel.
On Thursday, the 30-share BSE barometer plummeted 780.18 points to end at 84,180.96. The Nifty dropped 263.90 points to 25,876.85.
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