The effects of global economic instability are being clearly reflected in the Indian stock market. After a significant drop on Thursday, both of India’s stock exchanges continued to trade in negative territory on Friday, though the decline was slightly less severe.

In early trading on Friday, the BSE Sensex saw a dip of 99.71 points, or 0.12%, bringing it to 82,397.39 points. Similarly, the NSE Nifty was down by 41.30 points, or 0.16%, trading at 25,208.80 points. The persistent bearish trend indicates the market’s sensitivity to external factors, especially global economic disruptions.

Market Movements

Despite the overall downtrend, some stocks managed to buck the trend and show gains:

• ONGC
• HDFC Life
• Maruti Suzuki
• Bharat Electronics
• TCS

These stocks managed to stay afloat, showing resilience amid the market volatility. On the other hand, several major stocks were deep in the red, including:

• Bajaj Finance
• BPCL
• Trent
• Asian Paints
• Cipla

In the Sensex, Bajaj Finance, Asian Paints, NTPC, UltraTech Cement, State Bank of India, and Bajaj Finserv were among the top losers, indicating a broader sell-off in key sectors. Meanwhile, HCL Technologies, IndusInd Bank, and Tata Consultancy Services managed to post gains, adding some optimism in an otherwise negative market environment.

Currency Performance

In the foreign exchange market, the Indian rupee continues to face pressure. The currency opened at ₹83.96 against the US dollar in the interbank foreign exchange market, the same level at which it closed on Thursday after slipping 14 paise. The ongoing weakness of the rupee underscores the impact of global uncertainties, with foreign investors remaining cautious.

Meanwhile, the dollar index saw a marginal decline of 0.05%, settling at 101.69, indicating that the US dollar remains relatively strong compared to other global currencies.

The Indian stock market is currently navigating a phase of heightened volatility, driven by global economic factors. Investors are advised to exercise caution and closely monitor the evolving global situation. While certain sectors and stocks show resilience, the broader market sentiment remains cautious, as evidenced by the mixed performance across major indices.

As the global economic landscape continues to evolve, market participants should brace for further fluctuations and adjust their strategies accordingly.