D-St sees longest weekly losing run in five years

Markets tank on tariff jitters, foreign fund exodus; Sensex dives below 80k

- REUTERS

India's equity benchmarks fell Friday, posting their sixth straight weekly loss as US tariffs, trade uncertainty and muted earnings dampened sentiment.

The Nifty 50 and the BSE Sensex dropped 0.95% each to 24,363.3 points and 79,857.79, respectively. For the week, they shed 0.8% and 0.9%, respectively. This would be their longest losing streak since April 2020.

Losses were broad-based, with 13 of 16 major sectors ending the week in the red. Small-cap and mid-cap indexes declined 1.4% and 1.1%.

IT and pharma indexes lost 0.7% and 2.8%, while financials and energy fell 1.2% and 1.4%, respectively.