Stock Market Today: Nifty, Sensex Snap Two-Week Gaining Streak As Trump Tariffs Spark Global Selloff

Rupee strengthened by 21 paise to close at 85.23 against the US dollar. It closed at 85.44 on Thursday, according to data on Bloomberg.

• The Nifty 50 and Sensex extended losses to second consecutive session

• On a weekly basis, the Nifty 50 and Sensex snapped a two-day winning streak

• The Nifty 50 and Sensex ended 1.49% and 1.22% down, respectively.

• The NSE Nifty Pharma hits nearly one-month low. It ended 4.03% down.

• The NSE Nifty metal hits nearly-one month low. It ended 6.56% down.

• The NSE Nifty Midcap 150 ended 2.93% down.

• The NSE Smallcap 250 ended 3.30% down.

HSBC Global Research has initiated coverage on Ventive Hospitality with a "Buy" rating and a target price of Rs 854 per share. The brokerage highlights Ventive's strong balance sheet and healthy free cash flow as key strengths, despite the company's recent underperformance compared to its peers.

Read the full article here.

Afcons Infrastructure Ltd. has obtained the Environmental Clearance Certificate for its dam construction project in Madhya Pradesh. This clearance is a crucial milestone, paving the way for the project's execution and contributing to the region's water management and infrastructure development.

European markets extended losses as market participants try to assess the impact of the heavy US tariffs. The Euro Stoxx 50 and FTSE 100 were trading 1.66% and 1.24% down, respectively as of 2:04 p.m.