NIFTY50 and SENSEX extend losses; Midcap and smallcap indices fall over 1%

Domestic equity indices continued to trade under pressure in the mid-market session as market participants indulged in reducing their positions. Meanwhile, broader indices underperformed their large peers, with the BSE Midcap index and the small-cap index dropping in the range of 1.70-2.15%. Sentiment remained weak following U.S. President Donald Trump's announcement to impose reciprocal tariffs on several countries this week.

On the global front, Asian markets were trading mostly in green after opening lower as escalating trade tensions kept investors on edge. Back home, all the BSE sectoral indices were trading in red, led by Realty, Metal, Healthcare, Utilities, and Consumer Durables.

The SENSEX traded at 77301.65, down 558.54 points or 0.72% after trading in a range of 77189.04 and 77849.58. Seven stocks advanced on the index, while 23 stocks declined.

The broader indices were trading in red; the BSE Mid cap index was down by 1.70%, while Small cap index was down by 2.11%.

The top losing sectoral indices on the BSE were Realty, down by 2.77%, Metal down by 2.63%, Healthcare down by 2.23%, Utilities down by 2.08% and Consumer Durables down by 2.01%, while there were no gainers.

The NIFTY50 traded at 23399.85, down 160.10 points or 0.68% after trading in a range of 23357.60 and 23568.60. The index had 12 stocks advancing and 38 stocks declining.

Asian markets were trading mostly in green; Hang Seng advanced 385.5 points or 1.79% to 21,519.04, Shanghai Composite strengthened 16.34 points or 0.49% to 3,320.01, Straits Times rose 32.34 points or 0.83% to 3,893.76, KOSPI increased 3.15 points or 0.12% to 2,525.07, Nikkei 225 surged 70.84 points or 0.18% to 38,857.86. However, Taiwan Weighted lost 226.13 points or 0.97% to 23,252.14 and Jakarta Composite plunged 111.93 points or 1.69% to 6,630.65.