4 August 2025, 10:06  India: Stocks Set to Log 5th Straight Weekly Drop.

The BSE Sensex fell 106 points, or 0.1%, to 81,080 in early trade on Friday, extending losses from the previous session. The decline followed US President Trump’s executive order on Thursday imposing new tariff rates ranging from 10% to 41%, effective August 1, which includes India. Disappointing economic data from India’s top trading partner, China, also weighed on sentiment after factory activity in the mainland unexpectedly contracted in July. Traders awaited key US economic data and Q1 earnings from companies such as Adani Power, ITC, and Tata Power. However, the final manufacturing data capped losses, as India’s factory activity grew at the fastest pace in 16 months. Among the early losers were Sun Pharmaceuticals (-3.7%), Tata Motors (-1.9%), JSW Steel (-1.8%), and Tata Steel (-1.7%). For the week, the index is set for a 0.5% decline, which would mark the fifth consecutive weekly fall amid ongoing uncertainty over US-India trade talks.

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