The BSE Sensex stood at 73,917.17, down 695.26 points or 0.93 per cent. The NSE Nifty fell 227.50 points, or 1.01 per cent, to 22,317.55.

Srivastava mentioned that he would look for opportunities like banking and metals, while PSUs took look oversold and may offer some opportunities. He highlighted that people are watching global headlines because there is an absence of local newsflow.

Coal India, HDFC Bank, Shriram Finance, Axis Bank and Reliance gained, while IndusInd, Tech Mahindra, Titan, Wipro and M&M traded among major laggards. Aarti Drugs, Adani Green Energy, ACC, and ABB India stocks hit 52-week low.

Investor confidence in Indian equities is dwindling amid escalating global trade tensions. The Nifty 50 and Sensex have recorded significant losses, with both indices on track for a rare five-month decline due to weak earnings and Trump's proposed tariffs,

Taking cue from the weak global trends, both BSE Sensex and NSE Nifty 50 tanked on Friday, leaving investors high and dry, making them poorer by over Rs 9 lakh crore. The market capitalisation of all listed companies on the BSE dropped by Rs 9.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,542 level, a discount of nearly 141 points from the Nifty futures’ previous close.

India’s stock benchmarks, the Sensex and Nifty, opened sharply lower on Friday, falling by one per cent as investors reacted to US President Donald Trump’s new tariff threats and awaited key GDP data for the December quarter.