Indian equity indices continued to fall on Friday as persistent foreign institutional investor (FII) selling and weak global cues dampened sentiment. By 12:30 p.m., the Sensex dropped 283.81 points, or 0.34%, to 84,120.65, while the Nifty slipped 92.30 points, or 0.36%, to 25,785.55. Major losers among Nifty stocks included NTPC, ETERNAL, Max Healthcare Institute, Cipla, and InterGlobe Aviation, each declining up to 2%.
The key pressure came from continued FII outflows, with overseas investors selling equities worth ₹3,077.59 crore on Thursday, following ₹2,540.16 crore of selling the previous day. Analysts noted that the consistent withdrawals have weakened market mood. Additionally, uncertainty surrounding the U.S.–China trade talks added to concerns. Although Presidents Donald Trump and Xi Jinping expressed optimism after their meeting in South Korea, analysts said the outcome offered only a one-year truce rather than a full agreement.
Technically, Anand James of Geojit Financial Services warned that the earlier bullish pattern is turning into a topping formation. Resistance is expected near 25,960, while sustained weakness could drag the Nifty toward 25,700–25,400.
