Indian Stocks Close Lower
2025-09-19 10:32
By
Andre Joaquim
1 min. read
Indian stocks closed lower on Friday to halt three consecutive sessions of gains and mark only the second loss in the last nine sessions as markets continued to assess global rates and how the Indian economy will fare against aggressive tariffs by the United States.
The BSE S&P Sensex fell 0.5% to 82,626 and the NSE Nifty 50 dropped 0.4% to 25,327.
Companies in the tech sector were mostly lower after setting the pace for the rallies in the last two weeks, supported by the strong momentum for their US counterparts and the pullback in benchmark borrowing costs domestically.
HCL Tech fell 1.6%, while Wipro and TCS were both firmly in the red.
In the meantime, ICICI Bank, HDFC Bank, and the Kotak Mahindra Bank fell close to 1% to lead the losses for the financial sector.
In turn, companies led by Adani jumped after regulators dismissed a portion of allegations from the research report by short-seller Hindenburg.