Indian stock market, July 13 -- The Indian stock market closed sharply lower on Friday, July 11, as escalating trade tensions between the US and its trading partners, combined with a disappointing start to the Q1 earnings season, weighed heavily on investor sentiment.

The Sensex dropped 690 points, or 0.83%, to finish at 82,500.47, while the Nifty 50 declined by 205 points, or 0.81%, ending the day at 25,149.85.

The BSE Midcap index fell by 0.65 per cent, while the Smallcap index closed with a loss of 0.70 per cent.

Domestic market benchmarks declined for the third straight session after Trump intensified his tariff war by declaring a 35% import duty on Canadian goods effective August 1.

Sumeet Bagadia, Executive Director at Choice Br...