MUMBAI: The sensex slid for the fifth consecutive session on Friday as uncertainties about higher US tariffs on Indian exports continued to weigh on investor sentiment on Dalal Street. Selling by foreign funds also affected the sentiment , market players said.The sensex opened flat but soon lost ground, slid throughout the session to close at 83,576 points, down 605 points or 0.7% on the day. This was the first sub-84K close for the index in nearly a month.
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Nifty too lost ground through Friday’s session and closed at 25,683 points, down 194 points or 0.8%.In the last five sessions, sensex has lost nearly 2,200 points or 2.5%. During this period, investors’ wealth has gone down by Rs 13.5 lakh crore with India’s market capitalisation now at Rs 468.5 lakh crore, BSE data showed.According to Ajit Mishra of Religare Broking, investor sentiment on Friday was subdued due to renewed uncertainty around potential US tariff actions and related US Supreme Court developments. Foreign investors continued their strong selling streak with a net outflow of Rs 3,769 crore.
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