Sensex, Nifty fall for sixth day dragged by FII outflows, commerce struggle fears

Bajaj Finserv, Tata Metal, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Financial institution and Tata Motors have been among the many gainers. File
| Photograph Credit score: PTI

Inventory markets closed decrease for the sixth straight day on Wednesday (February 12, 2025) with Sensex falling by 122 factors on unabated overseas fund outflows and commerce struggle worries.

The 30-share BSE Sensex, which had tanked greater than 900 factors intra-day, closed at 76,171.08, down by 122.52 factors or 0.16% following a restoration in monetary shares within the final hour.

Through the day, the benchmark tanked 905.21 factors or 1.18% to sink beneath the 76,000-level to hit a low of 75,388.39.

The NSE Nifty dipped 26.55 factors or 0.12% to 23,045.25, marking its sixth straight day of losses. Intra-day, it tumbled 273.45 factors or 1.18% to 22,798.35, falling beneath the essential 23,000-mark.

Since February 4, the BSE bellwether gauge has slumped 2,412.73 factors or 3.07%, whereas the Nifty tanked 694 factors or 2.92%.

From the 30-share Sensex pack, Mahindra & Mahindra, ITC, Energy Grid, Reliance Industries, IndusInd Financial institution, Adani Ports, Titan and Infosys have been the largest laggards.

Bajaj Finserv, Tata Metal, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Financial institution and Tata Motors have been among the many gainers.

Overseas Institutional Buyers (FIIs) offloaded equities price ₹4,486.41 crore on Tuesday (February 11, 2025), in line with change information.

“The Indian market noticed a slight restoration from the sharp intraday declines; nonetheless, general sentiment remained weak resulting from elevated broader market valuations and muted Q3 earnings progress. Considerations over extreme valuations are anticipated to maintain the continuing consolidation part,” Vinod Nair, Head of Analysis, Geojit Monetary Providers, mentioned.

Moreover, uncertainty relating to the impression of steel tariffs added to market warning, Mr. Nair mentioned.

“The upcoming launch of U.S. CPI inflation information will present additional market route,” he added.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended within the optimistic territory.

European markets have been buying and selling greater. U.S. markets ended principally greater on Tuesday (February 11, 2025).

World oil benchmark Brent crude declined 0.78% to $76.40 a barrel.

Declining for the fifth day working on Tuesday (February 11, 2025), the BSE Sensex dropped 1,018.20 factors or 1.32% to settle at a two-week low of 76,293.60. The Nifty cracked 309.80 factors or 1.32% to 23,071.80.