The Indian equity market ended the week on a negative note on Friday amid weak global cues and fresh US tariffs on certain pharmaceutical imports. Nifty Pharma plunged 470 points, or 2.14 per cent.
The Sensex closed at 80,426.46, down 733.22 points, or 0.90 per cent. It started the session at 80,956.01 against the previous close of 81,159.68 and touched an intraday low of 80,332.41 amid broad selling pressure.
Nifty settled at 24,654.70, down 236.15 points, or 0.95 per cent.
Sectoral indices ended largely in negative territory. Nifty IT slipped 846 points (2.45 per cent), Nifty FMCG fell 260 points (0.47 per cent), Nifty Auto dipped 273 points (1.02 per cent), Nifty Financial Services dropped 262 points (1 per cent), and Nifty Bank declined 586 points (1.07 per cent).
Among Sensex stocks, Mahindra & Mahindra, Tata Steel, Bajaj Finance, Asian Paints, Sun Pharma, Tech Mahindra, Infosys, HCL Tech, TCS, Bajaj Finserv, BEL, Titan, Hindustan Unilever, Trent, Axis Bank, Bharti Airtel, NTPC, Kotak Bank, ICICI Bank, and PowerGrid settled lower, while L&T and Tata Motors ended in green.
The broader market also faced selling pressure. Nifty Next 50 fell 1,148 points (1.68 per cent), Nifty 100 slipped 274 points (1.08 per cent), Nifty Midcap 100 lost 1,177 points (2.05 per cent), and Nifty Smallcap 100 dipped 405 points (2.26 per cent).
Analysts noted that investors remain cautious, focusing on domestic investment and consumption amid global uncertainties.
-IANS
