Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, slumped in Friday's session after oil prices surged, as the blockade at the Strait of Hormuz due to the stalled US-Iran talks roiled the risk appetite.
At the closing bell, the BSE Sensex closed lower by 983 points (down 1.2%)
Meanwhile, the NSE Nifty closed 275 points lower (down 1.1%)
Trent, Bajaj Finance, and SBI are among the top gainers today.
Infosys, TCS, and Tech Mahindra, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,950, lower by 207 points at the time of writing.
The BSE 150 Midcap index is trading 0.9% lower, and the BSE 250 SmallCap index is trading 1.1% lower.
Sectoral indices were trading negatively today, with stocks in the IT and real estate sectors witnessing selling pressure.
The rupee is trading at Rs 94.2 against the US$.
Gold prices for the latest contract on MCX are trading 0.1% lower at Rs 1,51,543 per 10 grams.
Meanwhile, silver prices were trading 0.6% lower at 2,40,024 per 1 kg.
Four reasons why Indian share markets are falling:
#1 Uncertainty Around US-Iran Situation
Tensions between the US and Iran remain high with no clear progress toward peace. Even after a ceasefire, both sides continue to act aggressively. This lack of clarity is making investors cautious. Markets may stay unstable until the situation becomes clearer.
#2 Sharp Rise in Oil Prices
Oil prices have jumped nearly 18% this week due to stalled peace talks. The Strait of Hormuz, a key oil route, remains mostly blocked. This supply concern is pushing prices higher. Rising oil costs are worrying investors about future earnings and inflation.
#3 Weakening Indian Rupee
The Indian rupee has fallen below 94 against the US dollar again. It has been declining for several consecutive days. This weakness reflects global pressure and economic concerns. It is also affecting overall market sentiment.
#4 Foreign Investors Selling Stocks
Foreign investors have resumed selling Indian stocks after a short buying phase. They have sold a significant amount in recent days. This selling is adding pressure on the market. If it continues, large-cap stocks may remain weak.
LTIMindtree Q4 FY26 Results
Shares of LTM (LTIMindtree) came into focus after the company reported its Q4 FY26 results.
LTM reported a 23% year-on-year rise in net profit to Rs 13.9 billion (bn), compared to Rs 11.3 bn last year. On a quarterly basis, profits increased 40% from Rs 9.7 bn.
Revenue from operations came in at Rs 112.9 bn, up 15.5% year-on-year from Rs 97.7 bn. Sequentially, revenue grew 4.7% from Rs 107.8 bn.
The company's board has also recommended a final dividend of Rs 53 per equity share of face value Rs 1, subject to approval at the upcoming AGM.
UTI AMC Q4 FY26 Results
Shares of UTI Asset Management Company came into focus after the company reported its Q4 FY26 results.
Revenue from operations still grew 4% year-on-year to Rs 3.9 bn from Rs 3.7 bn.
The company's assets under management (AUM) rose 14% year-on-year to Rs 3.88 lakh crore. Growth was seen across all categories.
Equity AUM increased 5% to Rs 95,824 crore, hybrid funds grew 8.9% to Rs 34,232 crore, and index funds & ETFs saw strong growth of 24.8% to Rs 1,76,673 crore.
The company reported a net loss of Rs 0.5 bn in Q4FY26, compared to a profit of Rs 1.0 bn last year. The loss was mainly due to mark-to-market (MTM) losses, which led to negative other income of Rs 1.6 bn.
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