IT metal stocks drag sensex down,Nifty below 24,750

The domestic market ended lower on Friday, weighed by global volatility, continued FPI selling, and escalating trade friction following the U.S.’s imposition of broad-based tariffs.At close, the Sensex was down 585.67 points or 0.72 percent at 80,599.91, and the Nifty was down 203 points or 0.82 percent at 24,565.35. About 1264 shares advanced, 2582 shares declined, and 154 shares unchanged.
Trent, Asian Paints, Hero MotoCorp, HUL, Nestle were the top gainers on the Nifty while losers included Sun Pharma, Dr Reddy's Labs, Adani Enterprises, Tata Steel, Cipla.On the sectoral front,except FMCG, all other sectoral indices ended in the red with auto, realty, pharma, IT, metal, oil & gas, PSU Bank, telecom down 0.5-2 percent.The BSE midcap index fell 1.3 percent and smallcap index shed 1.6 percent.
Market This Week 
●Market falls for 5th straight week, longest losing streak in 2 years
●More than 35 Nifty stocks post losses this week
●Sensex & Nifty fall 1% each, Nifty Bank & Midcap index down 2% each
●Except FMCG, all sectoral indices slip, realty, defence & metal top losing indices
Rupee Close: 
On 1 August'25,the Indian rupee ended higher at 87.52 per dollar on Friday , according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the Indian equity market extended its decline for a second day, pressured by renewed tariff threats and punitive duties that could undermine India’s global trade competitiveness. Investor sentiment weakened further as FIIs now hold the second-highest net short position in derivatives, reflecting elevated caution. Globally, markets turned negative amid rising U.S. inflation and trade tensions.
While the sell-off was broad-based, FMCG stocks emerged as a defensive play, supported by attractive valuations, resilient demand, and relative immunity to external trade disruptions.Market experts recommended three shares to buy on Friday-Experts recommend three shares to buy today despite Trump's tariffs on India — Lloyds Enterprises, JTL Industries, Yatra Online

(Business Correspondent)