Indian equity benchmarks pared earlier gains and slipped below neutral lines, weighed down by losses in Reliance Industries, Infosys and HDFC Bank. Market sentiment was also cautious after the RBI Bulletin flagged downside risks to demand due to persisting uncertainties over US trade policies. Investors further stayed on the sidelines ahead of India’s GDP data release, while continuous outflows from Foreign Institutional Investors (FIIs) dented sentiment. FIIs offloaded equities worth RS. 3,856.51 crore in Thursday’s trade.

On the global front, Asian equity markets traded mixed ahead of a key US inflation report, while European markets were trading lower on Friday.

At present, the BSE Sensex is trading at 79,960.01, down by 120.56 points or 0.15%, moving between 79,944.67 and 80,310.74. The index saw 17 stocks advancing against 13 declining. The broader markets also slipped, with the BSE Midcap index down 0.17% and the Smallcap index down 0.04%.

Sector-wise, FMCG (up 1.02%), Capital Goods (up 0.52%), Industrials (up 0.45%), Consumer Durables (up 0.38%) and Telecom (up 0.25%) were the top gainers, while Realty (down 1.18%), IT (down 0.87%), Energy (down 0.79%), Oil & Gas (down 0.66%) and Auto (down 0.65%) led losses.

Top Sensex gainers included ITC (up 2.17%), Trent (up 1.70%), Bharat Electronics (up 1.57%), Larsen & Toubro (up 1.26%) and Ultratech Cement (up 1.00%). Major laggards were Mahindra & Mahindra (down 2.56%), Infosys (down 1.98%), Reliance Industries (down 1.46%), Tech Mahindra (down 0.93%) and NTPC (down 0.83%).

Meanwhile, CareEdge Ratings highlighted that the recent hike in US tariffs on Indian goods—from 25% to 50%—poses a major challenge for Indian textile exporters, giving cost advantages to competitors. The report projected Indian textile exports to fall by 9–10% to around $30 billion in CY26, with PBILDT margins likely to contract by 300–500 bps due to pricing pressures. However, it added that losses in ready-made garments (RMG) and home textiles may be partially offset by rising exports of cotton yarn and fabric.

The CNX Nifty is trading at 24,475.60, down by 25.30 points or 0.10%, within a range of 24,464.15 and 24,572.45. It recorded 26 advancing stocks against 24 declining.

On Nifty, ITC (up 2.17%), Shriram Finance (up 1.81%), Bharat Electronics (up 1.77%), Trent (up 1.72%) and Ultratech Cement (up 1.19%) were top gainers, while Mahindra & Mahindra (down 2.47%), Infosys (down 1.99%), Apollo Hospitals (down 1.46%), Reliance Industries (down 1.38%) and Adani Enterprises (down 1.06%) led the decline.

In Asia, Hang Seng gained 129.18 points or 0.51% to 25,128.00, Shanghai Composite rose 14.33 points or 0.37% to 3,857.93, and Straits Times advanced 19.43 points or 0.46% to 4,273.21. However, Nikkei 225 slipped 85.79 points or 0.20% to 42,743.00, Taiwan Weighted eased 3.35 points or 0.01% to 24,233.10, Jakarta Composite dropped 104.12 points or 1.33% to 7,847.97, and KOSPI fell 10.31 points or 0.32% to 3,186.01.

In Europe, UK’s FTSE 100 fell 37.42 points or 0.41% to 9,179.40, France’s CAC dropped 50.80 points or 0.65% to 7,711.80, and Germany’s DAX declined 137.22 points or 0.57% to 23,902.70.