Indian equity markets extended their losses in Friday’s trading session, with the benchmark Sensex declining by 200 points. The GIFT Nifty had earlier indicated that the Nifty50 may continue its downward trajectory, reflecting persistent selling pressure in the broader market.
Asian markets were trading on a mixed note, providing no clear directional cues for domestic investors. The ongoing geopolitical tensions involving Iran, elevated crude oil prices, and uncertainty surrounding US monetary policy continued to weigh on risk appetite.
In a bright spot amid the broader weakness, Honasa Consumer shares surged to a fresh 52-week high following the company’s Q1 results. The stock’s outperformance provided a notable exception in an otherwise cautious market where most sectors were trading in the red.
