Sensex, Nifty slump for fifth day — what’s spooking India’s stock market right now
Indian shares fell for a fifth straight session on Friday, with the Nifty 50 closing down 0.75% at 25,683.3 and the Sensex off 0.72% at 83,576.24. Both benchmarks lost about 2.5% for the week, their worst in over three months, while small- and mid-cap indexes slid 3.1% and 2.6%. Oil and gas stocks led declines and Reliance Industries sank 7.4% for the week after it said it does not expect Russian crude deliveries in January; Ashika Global Family Office Services co-founder Amit Jain said extreme tariffs would “increase risk pricing” across assets.
