Nifty, Sensex slide as Reliance and ICICI miss; Wipro tumbles and tariff jitters spread
Nifty 50 fell 0.68% and Sensex dropped 0.7% by mid-morning, pressured by declines in Reliance Industries, ICICI Bank, and a nearly 10% plunge in Wipro after weak forecasts. Reliance missed profit estimates, while ICICI set aside more funds for loan losses. U.S. tariff threats and heavy foreign investor selling added to the slide.