Markets End Trading In Red After Erasing Morning's Gains, Sensex Breaches 80K
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,856.51 crore, whereas DIIs turned net buyers with purchases amounting to Rs 6,920.34 crore on Thursday.
Indian markets traded among heavy volatility on Friday. After beginning the day with muted gains, both indices swinged hard throughout the session and finally ended trading in red. The BSE Sensex settled the session below 80k, at 79,810, tanking more than 250 points, while the NSE Nifty50 closed the day below 24,450 at 24,435, slipping 74 points.
On the Sensex, ITC, BEL, Trent, L&T, and Kotak Bank settled the day in green. On the other hand, the laggards included M&M, Reliance, Infosys, NTPC, and Tata Motors.
In the broader markets, the Nifty Midcap Select dominated in red and plunged 0.68 per cent. Sectorally, the Realty and Oil & Gas indices clocked the largest losses of 1.33 per cent and 1.01 per cent respectively. Meanwhile, the FMCG index climbed 0.95 per cent.
Market participants remained wary after the United States’ decision to double tariffs on Indian goods took effect midweek. The additional 25 per cent levy has pushed total duties on certain exports to 50 per cent, fuelling trade concerns linked to India’s continued oil imports from Russia.
Despite the setback, New Delhi has expressed optimism about resuming discussions with Washington on a proposed Bilateral Trade Agreement. Officials noted, however, that addressing the steep tariffs would be a key precondition. Fresh dates for talks are yet to be confirmed.
Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday confirmed that Reliance Jio will debut on the stock market in the first half of 2026. Speaking at the 48th Annual General Meeting (AGM) of RIL, Ambani also revealed that Jio plans to take its operations beyond Indian shores while simultaneously building its own artificial intelligence capabilities.
On the market front, investor mood stayed restrained as participants weighed the broader implications of the US tariff measures. Analysts believe the sustained impact of these trade barriers could erode the competitiveness of Indian exports in select categories. Domestic equity indices reflected this caution, with mid- and small-cap stocks bearing the brunt of selling pressure amid concerns over high valuations and rising risk aversion.
“Equity benchmarks underperformed, with mid and smallcap segments particularly affected by risk aversion and stretched valuations,” said Vinod Nair, Head of Research at Geojit Financial Services.
Trading in the Indian markets began on a subdued note Friday, with both frontline indices reflecting caution as investors braced for the final session of the week. The BSE Sensex opened just above the 80,150 mark, gaining over 50 points in early trade, while the NSE Nifty50 edged higher by 11 points to cross 24,500.
Data from the exchanges showed that Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,856.51 crore, whereas Domestic Institutional Investors (DIIs) turned net buyers with purchases amounting to Rs 6,920.34 crore.
Recap of Thursday’s trade
On Thursday, Indian benchmarks had ended sharply lower, pressured by weak global cues, persistent foreign fund withdrawals, and the drag from fresh tariff actions. The Sensex tumbled 705.97 points, or 0.87 per cent, to close at 80,080.57, after falling as much as 773.52 points intraday. The Nifty declined 211.15 points, or 0.85 per cent, to settle at 24,500.90.
To provide relief to exporters, the government has extended duty-free cotton imports until December 31, a move expected to support the struggling textile sector hit by higher US tariffs.
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