Equity benchmark indices slipped on Friday, ending a two-day winning run, as weak global cues dampened investor sentiment.

By 10:30 a.m., the Sensex was down 390.62 points (0.46%) at 85,242.06, while the Nifty50 fell 124.30 points (0.47%) to 26,067.85.

Hindalco Industries, Tata Steel, and Adani Ports were among the top drags, losing up to 2%. In contrast, Mahindra & Mahindra and Eicher Motors led the gainers, rising nearly 1% each.

Market breadth was firmly negative, with 1,043 stocks advancing, 2,377 declining, and 148 remaining unchanged.

Key factors behind Friday’s market decline

1. Nifty Metal index slides

The Nifty Metal index fell 1.4% after the government extended exemptions from mandatory quality-control rules for certain steel and stainless-steel grades — a move expected to

See Full Page