D-Street sees worst week since September 2025 amid tariff fears, FPI selling
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India's benchmark indices extended losses for the fifth straight day Friday to post weekly losses of 2.5% - the most since September - as investors cut their bets ahead of the US jobs data and the American Supreme Court's verdict on the validity of punitive tariffs. The NSE Nifty fell 193.55 points, or 0.8%, at 25,683.30. The BSE Sensex ended at 83,576.24, a decline of 604.72 points or 0.7%. The retreat came after both indices had hit all-time highs on Monday on persistent overseas selling and concerns over Donald Trump's support for a bill that advocates 500% tariffs on imports from countries, such as India and China, which purchase Russian oil. The fresh tariff threats have dashed expectations of an imminent India-US trade deal, which was seen as crucial for a rebound in Indian-listed risk assets. "While he may or may not impose the tariffs, it implies that India doesn't have a deal with the US yet, which is bound t...