MUMBAI: Benchmark stock indices ended flat on Friday, wrapping up a volatile session as uncertainty over US tariff threats kept investors on edge.
The S&P BSE Sensex slipped 7.51 points to settle at 74,332.58, while the NSE Nifty50 edged up 7.80 points to close at 22,552.50.
Vinod Nair, Head of Research at Geojit Financial Services, said global markets remain clouded by heightened uncertainty due to US tariff impositions and retaliatory threats from trade partners.
“This ambiguity has triggered increased risk aversion and weakened the appeal of equities. Emerging markets, in particular, have witnessed significant outflows,” he said.
Sectorally, FMCG, metal, and oil & gas stocks extended their gains, while IT and real estate shares remained under pressure.
Anubhav Sangal, Research Analyst at Bonanza, noted that despite a weak opening indicated by the GIFT Nifty, indices held on to their previous session’s gains, supported by positive global cues and domestic factors.
“The market’s stability was further aided by US President Trump’s decision to delay tariffs on Canada and Mexico, which lifted investor sentiment. However, global volatility, particularly from the US, kept traders cautious,” he added.
Gainers
Among the top gainers, Reliance Industries surged 3.04 per cent, leading strength in the energy sector. Tata Motors gained 1.23 per cent, while Bharat Electronics Ltd (BEL) and Bajaj Auto advanced 1.19 per cent each. Hindalco Industries rose 1.17 per cent.
On the losing side, IndusInd Bank fell 3.78 per cent, making it the session’s biggest laggard. NTPC declined 2.22 per cent, while Shriram Finance slipped 2.07 per cent. IT major Infosys lost 1.80 per cent, and Bharat Petroleum Corporation Ltd shed 1.72 per cent.
“The S&P 500 is showing signs of a deeper correction, reflecting concerns over the economic impact of tariffs on the US. In contrast, Indian markets have shown resilience despite the looming trade war,” Nair said.
He added that a recovery in corporate earnings could significantly bolster domestic sentiment.
“Investors may consider going overweight on large caps, given their earnings stability and improving valuation comfort,” he concluded.
