ET Market Watch: Sensex Falls 182 pts, Nifty Below 24,800 | IT & Auto Stocks Drag Markets | The Economic Times Podcast
Indian benchmark indices closed in the red on Friday, dragged down by renewed concerns over U.S. tariffs that pressured IT and auto stocks, overshadowing the broader market optimism ahead of the release of domestic GDP data later in the day.
The BSE Sensex declined 182 points to close at 81,451, while the NSE Nifty slipped 82.90 points to settle at 24,750.
Top drags
Tech Mahindra, HCL Tech, Infosys, Bajaj Auto
Top gainers
Reliance Power, Suzlon & BSE
Expert View:
Market remained in consolidation mode
RSI showed bearish signals
Nifty faced resistance at 24,800, support at 24,700
Global cues:
MSCI World Index posted a 5% monthly gain
Dollar strengthened with rising U.S. yields
Nikkei and Hang Seng slipped on profit booking
Crude Update:
Brent held at $64.38 but logged second weekly loss
Rupee Movement:
Ended at 85.57/$ — lost nearly 1% in May, ending a 2-month rally
Despite Friday’s dip, Nifty gained 1.7% in May | Sensex rose 1.5%
Both up ~12% since March!
