Stock Market Live: Sensex ends 586 pts lower, Nifty at 24,565; Sun Pharma, Tata Steel, Infosys lead fall

Indian benchmark indices, BSE Sensex and NSE Nifty, are set to open lower on Friday, tracking weak cues from Asian peers, after U.S. President Donald Trump announced a new higher tariffs for every country around the world.

At 8:15 AM, the GIFT Nifty index was trading 94.5 points, or 0.38%, lower at 24,742, indicating a gap-down opening for the benchmark indices, BSE Sensex and NSE Nifty.

On Thursday, Indian share market ended lower in choppy trade on Thursday as investors turned jittery after Donald Trump imposed a 25% tariff and penalty on Indian exports. The BSE Sensex closed 296 points, or 0.36%, lower at 81,185, and the NSE Nifty settled at 24,768, down 87 points, or 0.35%.

In the overnight trade, U.S. stocks closed lower, paring early gains led by Microsoft and Facebook parent Meta after their stellar second-quarter earnings, as investors turned cautious ahead of key jobs data and a tariff deadline. Market participants kept a close eye on President Donald Trump’s August 1 deadline.

At the close, the Dow Jones Industrial Average was down 0.7%, while the S&P 500 and the tech-rich Nasdaq Composite Index declined 0.4% and 0.1%, respectively.

ITC, Adani Power, Tata Power, Multi Commodity Exchange of India, LIC Housing Finance, Delhivery, UPL, GlaxoSmithKline Pharmaceuticals, Godrej Properties, Graphite India, G R Infraprojects, JK Lakshmi Cement, Symphony, Tube Investments of India, and others will announce their quarterly earnings reports on August 1.

Indian benchmark indices opened in the red zone on Friday, tracking weak cues from Asian peers amid tariff uncertainties.

The BSE Sensex opened 111 points lower at 81,074.41, and the NSE Nifty started the day at 24,734.90, down 33 points.

Shares of Coal India rose up to 1% in early trade today in an otherwise weak broader market. The PSU giant recorded a 20% decline in profit to ₹8,734 crore for the April-June quarter of 2025-26 compared to ₹10,944 crore in Q1 FY24-25, while net sales plunged 4% to ₹31,880 crore from ₹33,170 crore, according to an exchange filing.

The company's operating income dipped 9% to ₹3,962 crore, and other income fell 14% to ₹1,616 crore. With this, the company's total income stood at ₹37,458 crore, down 5% from ₹39,388 crore in the year-ago period. Expenditure for the said period was recorded at ₹25,893 crore, and the overall profit before tax fell 18% to ₹11,565 crore.

Shares of Radico Khaitan, which owns brands like Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Vodka, and the 8 PM series, rallied over 7% today after the manufacturers of Indian Made Foreign Liquor (IMFL) reported robust earnings in the June quarter of the current fiscal.

The liquor company reported a 73.14% YoY growth in its consolidated net profit to ₹130.52 crore for the June quarter of FY26, helped by volume growth. Its revenue from operations rose24.56% to ₹5,313.51 crore in the June quarter.

FMCG major ITC's shares today rose by more than 1% today in anticipation of robust Q1 FY26 numbers.

Adani Power on Friday released its June quarter earnings report, posting a decline in both its top and bottom lines due to lower merchant tariffs and elevated operating expenses following recent acquisitions.

The board of the Adani Group company also approved a stock split in the ratio of 5:1, which means for every 1 share held, the shareholder will receive 5 new shares.

Post Q1, shares of Adani Power dropped 1.5% to ₹578.60 on the BSE, while its market capitalisation slipped to ₹2.23 lakh crore.

Indian benchmark indices ended lower for the second straight session on Friday as weak global cues and tariff uncertainties left investors jittery. The BSE Sensex lost 585.67 points, or 0.72%, to settle at 80,599.91, while the NSE Nifty50 declined 203 points, or 0.82%, to settle at 24,565.35.

The Indian equity market extended its decline for a second day, pressured by renewed tariff threats and punitive duties that could undermine India’s global trade competitiveness, said Vinod Nair, Head of Research, Geojit Investments Limited.

“Investor sentiment weakened further as FIIs now hold the second-highest net short position in derivatives, reflecting elevated caution. Globally, markets turned negative amid rising U.S. inflation and trade tensions. While the sell-off was broad-based, FMCG stocks emerged as a defensive play, supported by attractive valuations, resilient demand, and relative immunity to external trade disruptions."

The Indian equity market extended its decline for the fifth consecutive week due to prevailing concerns regarding tariffs and macroeconomic developments during the earnings season. The benchmark index initially endeavored to achieve stability; however, market selling pressure ultimately prevailed, resulting in a downturn ahead of the weekend, said Rajesh Bhosale, Equity Technical Analyst, Angel One

The Nifty50 index decreased by an additional 1.09% on a week-over-week basis, closing around the 24560 zone.

“From a technical standpoint, the current chart reflects a distinct and concerning pattern characterized by lower lows and lower highs, which is apparent in the daily time frame structure. The recent decline below the 100-DEMA has raised significant alarm, indicating potential vulnerability in the market, suggesting a rather bleak outlook for the benchmark index in the intermediate term. The next support level, projected to be around 24500-24470, is expected to act as a buffer, providing some stability against further declines.”