MUMBAI: The Indian equity markets slipped for the fifth consecutive session on Friday, weighed down by sustained foreign outflows and increasing uncertainties about the trade deal between India and the US and fresh tariff threats.
At the closing bell, the Sensex lost 605 points, or 0.72 per cent, and settled at 83, 576. The Nifty had edged down by 193.5 points, or 0.75 per cent, to close at 25, 683.
Investors remained cautious ahead of a US Supreme Court ruling regarding the legality of US tariffs and domestic inflation data for December, scheduled to be released on Monday.
The benchmark indices fell to their lowest level in over two months with Nifty trading below psychological level of 25, 700. Nifty opened at 25, 840, touched an intraday high of 25, 940, and subsequently faced profit booking, slipping to an intraday low of 25, 648.