Persistent tariff pressure and continued selling by foreign portfolio investors (FPIs) dented investor sentiment on Friday, with both benchmark indices opening lower.
The selling pressure continued in Indian markets on Thursday after US President Donald Trump announced an additional 25 per cent tariff on Indian goods.
Sensex closed the day at 80,543.99 points, down 166.26 points or 0.21 per cent, while Nifty closed at 24,574.20 points, down 75.35 points or 0.31 per cent.
Indian stock markets opened flat on Wednesday amid a mix of domestic and global uncertainties, with investors opting for a cautious approach ahead of the Reserve Bank of India's monetary policy announcement and key geopolitical developments, including a critical US-Russia meeting.
At the closing of the trading in the stock markets today, the BSE Sensex was at 80,710.25, slipping over 308 points or 0.38 per cent, while the Nifty 50 at National Stock Exchange (NSE) was down 73.20 points or 0.30 per cent at 24,649.55.
India's equity markets are showing signs of fatigue as stretched valuations collide with slowing profit growth, undermining the country's appeal among emerging markets (EMs), according to a report by Nuvama.
The earnings per share (EPS) of Nifty 50 companies is projected to grow by approximately 10 per cent in the current financial year (FY26), according to a report by Motilal Oswal.
Indian stock markets opened with marginal gains on Monday as the indices rebounded from oversold levels despite ongoing foreign portfolio investor (FPI) outflows and weak global cues.
Indian stock markets continued to remain under pressure on Friday morning as US President Donald Trump signed an executive order imposing 25 per cent tariffs on India's exports to the US, effective from August 7.
Indian stock markets opened sharply lower on Thursday, witnessing a major sell-off after US President Donald Trump announced a 25 per cent tariff on Indian goods, along with penalties on purchases of Russian crude and defence equipment.