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Indian stock markets ended sharply lower on Friday as sustained selling in IT and auto stocks pulled key indices down. The BSE Sensex closed near the day’s low at 82,500, falling 690 points or 0.8 per cent, while the NSE Nifty 50 dropped 205 points or 0.8 per cent to settle at 25,150.

Heavyweights like TCS, HCL Technologies, Mahindra & Mahindra, Bharti Airtel, Tech Mahindra, Tata Motors, Trent, Reliance Industries, and HDFC Bank were among the top laggards, dragging overall sentiment.

On the flip side, HUL, Eternal (Zomato), NTPC, Power Grid, Axis Bank, and Adani Ports emerged as top gainers.

In the broader markets, small- and mid-cap indices (SMIDs) underperformed. The Nifty MidCap index slipped 0.75 per cent, and the Nifty SmallCap index declined 0.96 per cent, marking a combined drop of nearly 1 per cent.

Among sectors, the Nifty IT index tumbled 1.6 per cent, while the Nifty Auto index shed 1.24 per cent. Bucking the trend, Nifty Pharma and Nifty FMCG indices gained 0.81 per cent each.

TCS fell 2 per cent after posting muted Q1 FY26 results. While revenue grew 1.3 per cent YoY to ₹63,437 crore, it declined 3.1 per cent in constant currency terms.

Glenmark Pharmaceuticals soared 10 per cent, locked in the upper circuit after its US unit Ichnos Glenmark Innovation struck a global licensing deal for oncology asset ISB 2001.

IREDA dropped 5 per cent after a 36 per cent YoY fall in net profit in Q1 FY26.

Tata Elxsi fell 7 per cent intraday post Q1 results.

HUL surged 4 per cent after appointing Priya Nair as its new Managing Director and CEO, effective August 1.

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