Investor confidence in Indian equities is dwindling amid escalating global trade tensions. The Nifty 50 and Sensex have recorded significant losses, with both indices on track for a rare five-month decline due to weak earnings and Trump’s proposed tariffs,

The benchmark 10-year bond was quoted at 100.50 rupees, with the yield little changed at 6.7169% as traders watch for a weekly auction as well as domestic GDP growth data. The one-year overnight index swap rate was down 2 basis points at 6.25%, while the five-year swap rate dropped 2 bps to 6.00%.

The Nifty 50 has fallen about 5% so far in February, and is on course for the fifth consecutive month of losses, its longest losing streak in 29 years.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,542 level, a discount of nearly 141 points from the Nifty futures’ previous close.

Shriram Finance, HDFC Bank, Coal India, Trent and Hindalco shares lead gains, Adani Green Energy, ACC, IRFC, ABB India and MobikWik hits 52-week low

Taking cue from the weak global trends, both BSE Sensex and NSE Nifty 50 tanked on Friday, leaving investors high and dry, making them poorer by over Rs 9 lakh crore. The market capitalisation of all listed companies on the BSE dropped by Rs 9.

Coal India, HDFC Bank, Shriram Finance, Axis Bank and Reliance gained, while IndusInd, Tech Mahindra, Titan, Wipro and M&M traded among major laggards. Aarti Drugs, Adani Green Energy, ACC, and ABB India stocks hit 52-week low.

India’s stock benchmarks, the Sensex and Nifty, opened sharply lower on Friday, falling by one per cent as investors reacted to US President Donald Trump’s new tariff threats and awaited key GDP data for the December quarter.