Stocks slip below 26,000 as Nifty50 weakens; earnings season in focus
Stocks slip below 26,000 as Nifty50 weakens; earnings season in focus
Indian markets extend losses as Nifty50 dips under 26,000 and Sensex slides over 400 points, with tariffs and foreign outflows weighing on sentiment ahead of earnings season.
Indian stocks extended a losing run on Friday, with Nifty50 slipping below 26,000 and the Sensex down more than 400 points as traders weighed fresh worries about US tariffs on Russian crude and stubborn foreign outflows. In Mumbai trading rooms, investors watched cautious moves and prepared for a volatile session ahead.
Analysts said the slide could stabilise after the recent rout, but the path forward remains clouded until earnings season offers a clearer read on corporate health and demand. Traders emphasized stock-specific bets and risk controls as markets try to find a footing.
The decline was broad-based, with metal, oil & gas, and commodity-related names among the hardest hit as foreign fund outflows continued to weigh on sentiment. Fund flows have been negative for several sessions, keeping liquidity tight and traders wary of sharp counter-moves.
Some strategists expect a short-term bounce if global cues ease and tariff worries ease, but many think volatility will persist until earnings reports shed light on cost pressures and growth prospects.
For Mumbai investors, the focus now shifts to risk management and selective bets as the market tests lower levels. A clearer trend may emerge once quarterly results roll in, helping to calibrate expectations for the next leg in the cycle.
