Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Friday as Donald Trump’s 50% tariffs on India and its likely impact on exports and economy hit sentiment.

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.