Sensex extends decline to 8th Day, Nifty below 23K amid global cues

The Indian equity indices extended their losing streak to eight sessions on Friday, with all 13 major sectors trading lower as concerns over U.S. President Donald Trump's proposed reciprocal tariffs weighed on investor sentiment.At close, the Sensex was down 199.76 points or 0.26 percent at 75,939.21, and the Nifty was down 102.15 points or 0.44 percent at 22,929.25. About 642 shares advanced, 3200 shares declined, and 73 shares unchanged.
Britannia Industries, ICICI Bank, Nestle India, Infosys, TCS were the top gainers on the Nifty while losers included Bharat Electronics, Adani Enterprises, Adani Ports, Sun Pharma, Trent.On the sectoral front,all the sectoral indices ended in the red with media, metal, oil & gas, pharma, PSU Bank, realty, consumer durables, auto energy down 1-3 percent.Nifty Midcap index shed 2.4 percent, while smallcap index down 3.5 percent.
Rupee Close:
On 14 Feb'25,the Indian rupee extended its recovery and settled 12 paise higher at 86.81  against the U.S. dollar on Friday amid easing American currency, according to information.However, higher crude oil prices and incessant selling of domestic equities by foreign institutional investors capped a sharp gain in the local unit, forex traders reportedly stated.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying, the risk-averse sentiment continues to rule investors’ minds as corporate earnings are significantly lower than the market expectations during the start of the year, especially for mid- and small caps. Muted earnings trend, INR depreciation along with external factors like tariffs are expected to keep the sentiments weak in the near term, which could further push FIIs outflows. Volatility is expected to stay elevated until there is clarity on tariffs and a recovery in corporate earnings.

(Business Correspondent)