Overview
- Indian benchmarks fell for a second day on Friday, with the Sensex down 516 to 77,328 and the Nifty lower by 150 to 24,176.
- Fresh exchanges between U.S. and Iranian forces near the Strait of Hormuz pushed Brent crude back to about $100 a barrel, reviving energy‑supply fears.
- State Bank of India slumped 6.6% after March‑quarter results, dragging banking shares, while Titan rose about 4.7% on a 35% profit jump and select IT and FMCG stocks gained.
- Foreign investors sold a net Rs 340.89 crore on Thursday as the rupee weakened to about 94.47 per dollar and the market’s fear gauge, India VIX, climbed to 17.12.
- The global backdrop was mixed, with U.S. stocks hitting record highs on stronger April jobs and chipmaker gains even as oil stayed elevated near $100.