RELIANCE.NSE

Reliance Industries Ltd.

Indian equity benchmarks fell for a fifth consecutive session on Friday and recorded their worst weekly drop in over three months as renewed concerns over U.S. tariffs rattled investors. The Nifty 50 fell 0.75% to 25,683.3, while the Sensex slipped 0.72% to 83,576.24. The indexes lost about 2.5% each for the week. Fifteen of the 16 major sectors fell during the week. Small-caps and mid-caps lost 3.1% and 2.6%, respectively. U.S. President Donald Trump has backed a bipartisan bill targeting countries doing business with Russia with up to 500% tariffs on imported goods, as per Republican Senator Lindsey Graham. India has been the second-largest buyer of Russian crude after China. “If such extreme tariffs are enacted, the immediate effect would be volatility in sectors linked to U.S. trade, pressure on export competitiveness, and renewed caution in foreign investor flows,” said Amit Jain, co-founder of Ashika Global Family Office Services, adding that it would increase risk pricing across equities, currencies and commodities.