Tariff concerns drag Nifty to 3-month low,Sensex sheds 765 pts

The domestic market traded lower on Friday with Nifty breaching 24,400 for the first time since May 7, 2025, dragged down by sector-wide declines and fresh U.S. tariff jitters.At close, the Sensex was down 765.47 points or 0.95 percent at 79,857.79, and the Nifty was down 232.85 points or 0.95 percent at 24,363.30. 
Titan Company, NTPC, Dr Reddy's Labs, HDFC Life, Bajaj Finserv were the top gainers on the Nifty, while losers included Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, M&M.On the sectoral front,All the sectoral indices ended in the red with metal, realty, pharma, auto, private bank, consumer durables down 1-2 percent.BSE Midcap index fell 1.5 percent and smallcap index shed 1 percent.
Market This Week: 
●Market falls for 6th straight week, longest losing streak in 5 years,
●More than 25 Nifty stocks post losses this week,
●Sensex, Nifty & Nifty Bank fall nearly 1% each, Nifty Midcap index down more than 1%
Rupee Close: 
On 8 Aug'25,the Indian rupee closed 4 paise higher at 87.66 against the dollar on Friday, lower for a fifth straight week, its biggest consecutive weekly drop in six months, as trade tensions between India and the United States escalated following President Donald Trump's call for new tariffs on Indian goods.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated,the Indian equity market exhibited downward movement, closing at a three-month low amid growing concerns over the impact of U.S. tariffs on Indian exports. FIIs remained net sellers, intensifying the pressure on domestic indices. The pessimism was broad-based, with realty and metals bearing the biggest brunt.Additionally, global financial institutions have begun revising India’s economic outlook downward, citing the adverse effects of the ongoing tariff concern. Growth projections for 2025 and 2026 have been lowered, reflecting heightened uncertainty surrounding India’s trade and macroeconomic environment.
Market experts recommended five stocks to buy on Friday-Delhivery, Le Travenues Technology, Ather Energy, Nelcast, and Gopal Snacks.

(Business Correspondent)