Mumbai – The main Indian stock indices slipped slightly on Friday, wiping out the small gains seen earlier in the session. The drop came after strong buying in banks and financial‑services stocks later in the day and a few upbeat second‑quarter earnings.
Sensex ends slightly lower
Sensex closed at 83,216.28, down 94.73 points or 0.11 %. It opened just 65 points lower than yesterday’s close of 83,311.01. Throughout the day the index stayed wobbly, touching a high of 83,390.11 and a low of 82,670.95 as traders balanced side‑by‑side play.
Nifty 50 also declines
The Nifty 50 finished at 25,492.30, 17 points lower, a drop of 0.07 %. “Domestic equities steadied after early losses, but it’s too early to declare a trend reversal. Earnings are mixed, global signals stay cautious, and FII outflows are still solid,” said market analysts.
Banking and financials give momentum
The rally in financials helped lift the broader indices. PSU banks benefited from speculation that India will raise its FDI cap and from a growing belief in sector consolidation. Investors are keeping a close eye on US policy—especially the possibility of a government shutdown, new tariff rules—and on the trade talks between the US and India, as well as the US‑China deal that could influence market stability.
Key stocks mixed
Tech and consumer names were in the red. Bharti Airtel, Tech Mahindra, HCLTech, Hindustan Unilever, ITC, SBI, TCS, Ultratech Cement and Tata Motors ended lower. On the upside, Tata Steel, Mahindra & Mahindra, ICICI Bank, Bharat Electronics Limited (BEL), Adani Ports, Infosys and PowerGrid closed higher.
Sector performance
The sector indices were a mix. FMCG fell 274 points (‑0.49 %) and IT dropped 220 points (‑0.62 %). In contrast, the auto index rose 153 points (‒0.57 %), the bank index gained 322 points (0.56 %) and the financial‑services group was up 205 points (0.76 %). Small‑cap stocks shed 29 points (‑0.16 %) while the mid‑cap group jumped 374 points (0.63 %).
What investors watch next
The market is now looking toward decisions that could shape India’s trade environment. How the US shutdown plays out, any new tariff changes, and the outcomes of continued US‑India and US‑China negotiations will be key to seeing whether the current, modest gains hold or whether the index will shift again.
Source: ianslive
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