Domestic equity benchmarks Sensex and Nifty snapped their two-day winning streak on Friday amid a global selloff. Also, the rupee hit a fresh all-time low of 89.64 against the US dollar, pressured by weak risk appetite, fading Fed rate-cut hopes, and uncertainty over the US–India trade deal.

At the close, the Sensex declined 400.76 points, or 0.47 per cent, to 85,231.92. The Nifty50 also slipped, dropping 124 points, or 0.47 per cent, to end the session at 26,068.15. Advertisement

Tata Steel led the losers on the Sensex, falling 2.67 per cent to Rs 167.85. HCL Technologies followed as the next major drag with a 2.33 per cent decline. Among other laggards, Bajaj Finance and Bajaj Finserv slipped 2.25 per cent and 1.90 per cent, while Eternal and Bharat Electronics eased 1.76 per cent and

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