India’s stock market ended Friday in deep red, with Sensex plummeting 961.42 points (1.17%) to 81,287.19 and Nifty dropping 317.90 points (1.25%) to 25,178.65. The session highlighted vulnerabilities across segments.
Intense pressure on realty (-2.26%) and autos (-1.86%) set the tone. FMCG declined 1.69%, metals 1.67%, financial services 1.55%, pharma 1.50%, consumption 1.48%, healthcare 1.41%.
Gains were modest in IT (+0.16%), consumer durables (+0.17%), media (+0.60%). Mid and smallcaps weakened too: Nifty Midcap 100 -1.14% at 59,115.60, Smallcap 100 -1.10% at 16,928.90.
Sensex toppers: HCL Tech, Trent, Infosys, Eternal. Draggers: Sun Pharma, Bharti Airtel, Bajaj Finserv, Indigo, M&M, Maruti Suzuki, UltraTech Cement, HUL, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance, Power Grid, Tata Steel, ITC, HDFC Bank.
Behind the slide: FII net selling of Rs 3,465.99 crore Thursday, no Iran-US breakthrough fueling oil rally (WTI $66.25 +1.63%, Brent $71.86 +1.38%), rupee weakness, global softness. With inflation risks and trade tensions looming, markets may see prolonged consolidation.