Mumbai, July 11 -- The key benchmark indices closed deep in the red on Friday, marking their third consecutive day of losses as investors grappled with global trade tensions and disappointing cues from the IT sector. The Nifty 50 settled just under the 25,150 mark, weighed down by declines in IT and auto stocks. However, sectors like pharma and FMCG managed to attract some buying interest.

The slide in technology shares was primarily triggered by investor reaction to Tata Consultancy Services' (TCS) Q1 earnings, which failed to meet heightened expectations. Sentiment was further dented by geopolitical jitters after US President Donald Trump announced sweeping new tariffs on Canadian imports and hinted at similar action against other trad...