New Delhi, July 12 -- On Friday, Indian stock markets concluded on a downward trend due to a cautious beginning to the first quarter earnings season and an escalation in the tariff threat of 35% on goods imported into the US from Canada.

By the end of the trading day, the Sensex had decreased by 689.81 points or 0.83%, settling at 82,500.47, while the Nifty 50 fell by 205.40 points or 0.81% to close at 25,149.85.

Many market analysts linked the negative market sentiment to renewed concerns over tariffs and disappointing corporate earnings, especially within the IT sector.

Mehul Kothari, Deputy Vice President - Technical Research at Anand Rathi said that it was yet another week of consolidation for the domestic markets, where the index ...