Equity markets closed in negative territory on Friday, with auto stocks leading the decline after the news of potential EV import duty reductions. Foreign fund outflows and trade tensions further pressured the indices.
The BSE Sensex shed 424.90 points or 0.56 per cent to finish at 75,311.06, while the NSE Nifty 50 dropped 117.25 points or 0.51 per cent to close at 22,795.90—marking its lowest level this year.
Top Gainers
Tata Steel emerged as the top gainer, rising 1.88 per cent to ₹140.60. Larsen & Toubro followed with a 1.10 per cent gain, closing at ₹3,311.50.
HCL Technologies added 0.75 per cent to end at ₹1,700.85, while Asian Paints advanced 0.35 per cent to ₹2,257.20. HDFC Bank rounded out the top five gainers with a modest 0.31 per cent increase, finishing at ₹1,691.55.
Top Losers
Mahindra & Mahindra was the biggest laggard, plunging 6.07 per cent to ₹2,667.80 amid concerns over potential EV import duty reductions. Adani Ports dropped 2.57 per cent to ₹1,082.95.
Tata Motors declined 2.46 per cent to ₹672.90, while Sun Pharmaceutical Industries fell 1.60 per cent to ₹1,643.05. Power Grid Corporation closed 1.52 per cent lower at ₹261.75.
Market breadth remained negative, with automobile stocks facing significant pressure. The decline came against the backdrop of the Sensex opening at 76,073.71 versus the previous close of 75,996.86, while the Nifty opened at 22,963.65 compared to the previous close of 22,959.50 before sliding through the session.
