On Friday, the Indian stock market opened to a decline, influenced by global market pressures stemming from tariff threats by Trump and reduced expectations for interest-rate cuts from the U.S. Federal Reserve in 2025.
The key indices reflected this downturn: the S&P BSE Sensex dropped by 288 points, or 0.4%, reaching 77,331 in early trading, while the NSE Nifty index fell by 104 points, or 0.4%, settling at 23,422.
Key companies experiencing notable declines included NTPC, BEL, IndusInd Bank, Adani Enterprises, and Shriram Finance, which saw reductions between 2% and 4%.
Despite a 26% increase in domestic gas allocations, Mahanagar Gas saw a 1.2% decrease in its share price. Similarly, Polyplex experienced a 2.3% fall following its announcement of a significant Rs 558 crore investment to establish a new BOPET film plant.
Tata Elxsi suffered a steep 8% decline after its third-quarter results did not meet market expectations. IREDA, on the other hand, fell by 2.5% despite reporting a 26.8% increase in net profit compared to the previous year.
Adani Wilmar's shares plunged 9.4% after news emerged that its founder plans to divest a 13.5% stake in the company through an Offer for Sale. GTPL Hathway faced a 9% tumble due to a significant 57% year-on-year drop in its third-quarter net profit.
Conversely, TCS witnessed a 4% increase on the back of management projections indicating stronger growth in both CY24 and FY26. Tech peers including Tech Mahindra, Infosys, Wipro, and HCL Technologies saw a rise in their stock prices, gaining between 1% and 2%.
Phoenix Mills posted a 1.6% gain after announcing robust growth in retail consumption for the third quarter of FY25 and the nine months leading to FY25.
The material has been provided by InstaForex Company -
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