Indian Shares Log Weekly Losses Over Trump's Tariff Reciprocity Plans

Failing to maintain the morning session gains, Indian stock indices closed Friday's session and the week in red.

- TDG NETWORK

This marked eight consecutive sessions of decline in the domestic equity market indices, data showed.

Sensex closed at 75,939.21 points, down 199.76 points or 0.26 per cent, while Nifty closed at 22,929.25 points, down 102.15 points or 0.44 per cent. Nifty auto, media, metal, pharma, PSU bank, realty, consumer durables, and oil and gas were the top losers among sectoral indices, NSE data showed.

"Relentless FII selling, coupled with mixed earnings, has put bulls on the defensive," said Ajit Mishra - SVP, Research, Religare Broking Ltd.

Domestic stock markets continued to decline over Trump's tariff concerns and continued outflow of foreign portfolios from India for the second month.