FX.co ★ Sensex Falls for 2nd Day

The BSE Sensex concluded Friday's trading session with a decline of approximately 1.2%, settling at 75,364.7. This marked the second consecutive day of losses. The downturn was largely attributed to significant sell-offs in sectors such as metals, oil & gas, and technology, following U.S. President Donald Trump's assertive tariff proposals, which rekindled concerns of a global trade war and its potential to push the world economy into recession. Additionally, the sentiment among investors was adversely impacted by the outflow of foreign funds. Pharmaceutical stocks also faced downward pressure as initial optimism surrounding possible sector exemptions quickly faded in light of renewed threats from Trump. Conversely, financial stocks emerged as the strongest performers of the day. Positively, a final survey report revised India's private sector growth for March upward, marking its highest growth rate in seven months. Over the week, the index recorded an overall decline of about 2.6%.