The stock market on Thursday failed to build on early gains and ended lower for a second consecutive session.
Nifty closed below 25,400 as investors remained worried over Trump’s tariff moves.
At close, Sensex was down 345.80 points or 0.41 per cent at 83,190.28, and the Nifty was down 120.85 points or 0.47 per cent at 25,355.25.
Further, the Nifty Midcap and smallcap indices shed 0.3 per cent each.
On Nifty, some of the top gainers were the shares of IndusInd Bank up by 1.56 per cent, Maruti Suzuki India up 1.40 per cent and Tata Steel up by 1.03 per cent.
Further on the losing side, as many as 38 stocks ended in the red. Some of the key names were Bharti Airtel down by 2.76 per cent, Asian Paints down by 2.06 per cent , and HDFC Life Insurance Company down 2.05 per cent.
On BSE, around 140 stocks touched their 52-week highs. These included Glenmark Pharma, UTI AMC, Krishna Institute of Medical Sciences, Laurus Labs, UltraTech Cement, SRF, LT Finance, Navin Fluorine, among others.
Among the sectors, all were in the red barring Nifty Realty, which was up 0.72 per cent, Metal up by 0.42 per cent, Consumer Durables up 0.11per cent, and IT down by 0.79 per cent.
In the financial space, Nifty Bank fell 0.45 per cent , with the Nifty PSU Bank down 0.80 per cent , while the Private Bank index fell 0.48 per cent. The Financial Services index dropped 0.27per cent.
Notably, the asset management companies’ shares rose by up to 6 per cent on July 10 on positive June AMFI data and ICICI Prudential AMC filing papers for a Rs 10,000-crore IPO.
In terms of some key individual performances, the Prestige Estates shares gained nearly 3 per cent as brokerages remained bullish after a record Q1 business update.
IREDA rose over 2 per cent ahead of Q1 results, while RailTel Corp shares gained on an order win from Chhattisgarh.
Power Finance Corp (PFC) shares jumped nearly 3 per cent after a block deal of 1.11 million shares.
The Market remained influenced by the developments like the trade deal between India and the US, which is still not in sight, despite recent claims from both countries that negotiations are moving in a positive direction.
The beginning of the Q1 results season is another factor keeping investors on the sidelines.