ET Market Watch: Sensex Falls 182 pts, Nifty Under 24,800 | IT & Auto Shares Drag Markets

Indian benchmark indices closed within the crimson on Friday, dragged down by renewed considerations over U.S. tariffs that pressured IT and auto shares, overshadowing the broader market optimism forward of the discharge of home GDP knowledge later within the day.

The BSE Sensex declined 182 factors to shut at 81,451, whereas the NSE Nifty slipped 82.90 factors to settle at 24,750.

High drags
Tech Mahindra, HCL Tech, Infosys, Bajaj Auto

High gainers
Reliance Energy, Suzlon & BSE

Skilled View:
Market remained in consolidation mode
RSI confirmed bearish alerts
Nifty confronted resistance at 24,800, assist at 24,700

International cues:
MSCI World Index posted a 5% month-to-month acquire
Greenback strengthened with rising U.S. yields
Nikkei and Hold Seng slipped on revenue reserving

Crude Replace:
Brent held at $64.38 however logged second weekly loss

Rupee Motion:
Ended at 85.57/$ — misplaced almost 1% in Could, ending a 2-month rally

Regardless of Friday’s dip, Nifty gained 1.7% in Could | Sensex rose 1.5%
Each up ~12% since March!