The Sensex closed 585.7 points lower at 80,599.9, while Nifty dropped 203 points to 24,565.4.

This marked the fifth straight week of losses, the longest streak in two years.

Markets reacted sharply after the U.S. announced 25% tariffs on Indian imports.

Most sectors ended in red, especially IT, banking, and metals.

Sun Pharma fell over 4% after issuing a weak earnings outlook.

Defensive stocks like HUL and Asian Paints gained nearly 4%.

FIIs pulled out ₹5,589 crore from Indian equities on Thursday.

Global tariff tensions and foreign selling are weighing on investor sentiment.

Analysts say panic is driven by headlines, not corporate earnings.

Focus now shifts to U.S.–India trade talks and U.S. jobs data.