Market extends losing streak for third straight session

The stock market on Friday continued its losing streak for a third consecutive session over concerns of the impact of Trump’s tariffs and a sell-off in IT shares after the TCS Q1FY26 earnings.

The Nifty 50 index fell below the 25,200 level.

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At close, the Sensex was down 689.81 points, or 0.83% at 82,500.47, and the Nifty was down 205.40 points, or 0.81% at 25,149.85.

The BSE Midcap index extended the fall for a third day, falling 0.5%, while the BSE Smallcap index shed 0.7%, snapping a two-day gain.

The cumulative market capitalisation of BSE-listed firms dropped to nearly ₹456.7 lakh crore from ₹460 lakh crore in the previous session.

For the entire week, the Sensex and Nifty indices fell by more than a per cent each, down for a second consecutive week.

Among the sectors, almost all indices ended in the red. Some of the key ones with significant losses were Nifty IT down by 1.78%, Auto down by 1.77%, Media down by 1.60%, Oil & Gas down 1.26%, and Realty down by 1.21%.

However, those who posted some gains were Nifty Pharma, up by 0.68%, and FMCG, which was up by 0.51%.

On Nifty50, only 11 stocks managed to end higher. The top gainers were Hindustan Unilever up by 4.63%, SBI Life Insurance Company up 1.37% and Sun Pharmaceutical Industries up by 0.71%.

Further, as many as 39 stocks ended in the red in the Nifty 50 index. TCS was down 3.47%, Mahindra & Mahindra down by 2.92% and Hero MotoCorp down by 2.74%.

Shares of TCS tanked 3.5% following its Q1 earnings, with experts flagging limited clarity on growth prospects for FY26 for the IT major.

Hindustan Unilever jumped up to 5% after the company announced Priya Nair as its new MD & CEO.

Over 120 stocks on the BSE touched their 52-week highs. These included Glenmark Pharma, Asahi India, EID Parry, Ramco Cements, JK Cement, JK Lakshmi Cement, Krishna Institute of Medical Sciences, and Nippon Life India Asset Management, among others.