Indian stock markets slide for 5th day—here's what's going on
Indian stocks dropped for the fifth straight day this Friday, with Sensex down about 605 points (604.72) and Nifty falling below 25,850.
Investors are feeling cautious as everyone waits for the US Supreme Court's verdict on the legality of Trump tariffs, which could shake things up globally.
Why should you care?
If you're into investing or just curious about money moves, here's the deal: both big and small stocks had a rough week—over 300 hit their lowest price in a year.
Sectors like autos, FMCG, real estate, and consumer durables took a hit, but tech and public sector banks actually did alright.
Basically, market vibes are shaky right now.
What's behind the dip?
A mix of global uncertainty (thanks to those possible US tariff changes) and some disappointing earnings reports pushed markets lower.
For example, Elecon Engineering shares crashed after weak profits, while Keystone Realtors slipped too.
On the flip side, Andhra Cements saw gains as its promoters sold off shares.
It's a reminder that news from around the world—and company results closer to home—can seriously move your money.