Indian stocks fell sharply on Friday, with the Sensex dropping as weak Q1 earnings, continued foreign outflows, and Trump’s tariff hike on Indian exports weighed on sentiment. Benchmarks are heading for a sixth straight weekly loss.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,594 level, a discount of nearly 40 points from the Nifty futures’ previous close.

Gift Nifty trades at 24,712, down nearly 150 points, a discount of nearly 140 points from the Nifty futures’ previous close, indicating a muted start for the Indian stock market.