Market WRAP: SENSEX drops 270 points, Nifty glides under 24,450 while ril, tariff worries weigh

Indian Benchmark Indices Sensex and Nifty fell for a third consecutive session on Friday, dragged down by Reliance Industries after the annual shareholders’ meeting and further under pressure by investors held about steep American rates for the Indian export that were rolled out earlier this week.

The BSE Sensex fell 270.92 points, or 0.34%, to end at 79,809.65, while the NSE Nifty 74.05 points, or 0.30%, decreased to settle on 24,426.85.

Top movers

On the 30-Stock Sesex, shares of Mahindra & Mahindra, RIL, Infosys, NTPC and Tata Motors led the Laggards, fell between 1% and 3%. Reliance. Reliance, the Third-Heaviest shares of the Relian Office of the Long Treaty of the Conglomer The Lange full Obdent Office The largest in Indian market history would take place in the first half of 2026.

Sectorally, oil and gas companies led the falls with a slide of more than 1%, while it is in stock, highly dependent on American demand, 0.9%fell.

In the meantime, MidCap shares fell 0.6% and Smallcaps lost 0.4%.

Both the Sessex and Nifty lost around 1.8%for the week.

Sentiment was put under pressure after the United States had hit an additional rate of 25% on Indian goods on Wednesday in response to the Indian purchases of Russian oil, so that the existing levy was effectively doubled.

Investors also brace themselves for fresh domestic growth mats, which are closed after the market, with an expansion of April -Juni which is expected to be moderate.

Worldwide, attention is paid to an important American inflation that reads later in the day that could form the expectations for the Federal Reserve tariff path.

Views of expert

Investor sentiment remained cautious when markets tried to digest the full impact of the American rate and the persistence of this issue is likely to increase the future competitiveness of India export in some areas, Vinod Nair said head of research at Geojit Investments.

“In general, the market still regards the rate -related disruptions as temporary, and optimism depends on the progress in trade negotiations in the future. However, the lack of strong interaction between the two parties increases the uncertainty, which adds confusion to the market,” Nair said.

On a technical basis, the Nifty index has slid out in the short term among all the major advanced averages, while momentum indicators have become negative in both daily and weekly graphs, said Nilesh Jain, head of technical and derivative research analyst at Centrum Broking.

“Although it is on sold-up territory, there are still no signs of short covering, which suggests that the weakness can continue to exist a little more. On the other hand, the 200-dma at 24,070 works as a crucial support, while the benefit of the 100-dma at 24,700 out of 24,700 remains an important resistance,” Jain said.

Global markets

World Equities withdrew from record highs on Friday, while investors are bracing themselves to American inflation data that is expected to lead the more and more politized interest rate pad from the Federal Reserve.

The retreat came at the end of a floating month for world markets, although the nerves were fueled by Bond-Market jitters bound by President Donald Trump’s decision to expel the policy maker Lisa Cook and by renewed political turbulence in France.

Europe’s Stoxx 600 went on the way to their first weekly losses in four. France’s CAC 40 and German Dax each dropped 0.6%, making them on the right track for rare monthly falls, even when global shares gathered.

The performance was mixed in Asia. Chinese shares rose in August by more than 10%, their strongest month in almost a year, about optimism about an economic rebound led by technology. The Japanese Nikkei closed lower in the day, but still went up 4% this month, which extended a series of five-month profit in addition to MSCI’s Asia-Pacific index with the exception of Japan.

Raw materials relieved 0.2% to $ 3,408.78 per ounce, while Bitcoin moved 2% to slightly lower.