Stock Market Highlights: Indian equities remained under pressure on Friday, with the Sensex and Nifty extending losses as broad-based selling gripped Dalal Street. Metals, autos and PSU banks led the decline.
The BSE Sensex and Nifty 50 slipped deeper into the red during the session, dragged down by heavy selling in metals, auto and banking stocks. Market breadth remained firmly negative, with declines significantly outpacing advances across the broader market.
Among the notable laggards on the Nifty were Larsen & Toubro, Hindalco, Tata Steel, UltraTech Cement and Tata Motors, reflecting persistent pressure on cyclicals and infrastructure-linked names. Broader markets also remained under strain, with midcap and smallcap indices underperforming the benchmarks.
Investor sentiment remained fragile as Brent crude prices climbed above the $100 per barrel mark, raising concerns about inflationary pressures and the impact on India’s macroeconomic outlook.
Meanwhile, stock-specific developments kept select counters in focus, including PG Electroplast and Balaji Amines, even as the broader trend on Dalal Street remained decisively weak.