Indian shares slid for a fifth straight day, with the Sensex and Nifty each losing around 1%.
Market snapshot
The Sensex fell nearly 800 points to a low of 83,402 before closing down 605 points, or 0.72%, at 83,576.24. The Nifty 50 also dropped to a low of 25,623 and ended 194 points, or 0.75%, lower at 25,683.30. Over the past five sessions, both indices have slipped about 2.5%.
Key reasons behind the decline
- US tariff uncertainty – The US Supreme Court is set to rule on pending tariff measures. A decision favoring higher duties could hurt market sentiment.
- Potential new US tariffs – Comments from US officials suggest tariffs could rise dramatically on countries buying Russian oil, adding to investor worries.
- Weak earnings outlook – Investors are waiting for upcoming results from companies like DMart, TCS and HCL Tech. Disappointing numbers could trigger more selling.
- Foreign fund sell‑offs – Foreign institutional investors have sold over ₹8,000 crore of Indian equities this month, keeping pressure on prices.
- India‑US trade deal delays – Ongoing negotiations have not produced a trade agreement, leaving market sentiment fragile.
Other factors
Geopolitical tensions, volatile oil prices and a weakening rupee are also weighing on the market.
Remember, this is just perspective, not a prediction. Do your own research and consider consulting a qualified advisor before making any investment decisions.