Markets fall on unabated foreign fund outflows; HDFC Bank, Reliance also drag
The Hindu
Mkt indices Sensex, Nifty fell on Tues. due to FPI outflows, sluggish Asian cues. Major laggards: Maruti, NTPC, Tata Motors, ICICI Bank, HDFC Bank, Reliance, JSW Steel, ITC, M&M. Gainers: Bajaj Finance, L&T, Bajaj Finserv, Titan. Asian mkt mixed, Euro mkt mixed, US mkt mostly green. Brent crude up 0.07%. FPI outflows ₹14,767 cr in Sep. Equity mkt closed Mon. on Gandhi Jayanti.
Equity benchmark indices Sensex and Nifty declined on Tuesday amid unabated foreign fund outflows and sluggish Asian market cues.
Fall in index majors HDFC Bank and Reliance Industries also dragged the benchmark indices lower.
The 30-share BSE Sensex declined 316.31 points or 0.48% to settle at 65,512.10. During the day, it fell 483.82 points or 0.73% to 65,344.59.
The Nifty fell 109.55 points or 0.56% to end at 19,528.75.
Among the Sensex firms, Maruti, NTPC, Tata Motors, ICICI Bank, HDFC Bank, Reliance Industries, JSW Steel, ITC and Mahindra & Mahindra were the major laggards.
Bajaj Finance, Larsen & Toubro, Bajaj Finserv and Titan were among the gainers.
In Asian markets, Tokyo and Hong Kong settled lower while Shanghai ended in the green.
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Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday (March 12, 2025) but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff.