Stock market crash: The Indian stock market extended its decline to the second straight session on Friday, with the benchmark indices, Sensex and Nifty 50, falling over half a per cent each, weighed down by selling in auto, metals, banks, IT and energy sectors.
The BSE Sensex dropped 0.78% to 81,539.97, while the NSE Nifty 50 slipped 0.86% to 24,844.45. The Bank Nifty shed 0.62% to 56,710.15. Broader markets also reeled under pressure as the Nifty Smallcap 100 and the Nifty Midcap 100 indices declined over 1% each.
“Indian equities remain under pressure as lacklustre Q1 earnings from index majors, accompanied by subdued management commentary on margin compression and demand headwinds, weigh on sentiment. Geopolitical overhang due to unresolved India-US trade negotiations adds to the risk-off tone,” said Vishnu Kant Upadhyay, AVP – Research & Advisory, Master Capital Services
