Markets trade lower in first session of 2025 on unabated foreign fund outflows
The Hindu
Sensex and Nifty open 2025 on a low note with foreign fund outflows, cautious investors, and mixed performances.
Benchmark indices Sensex and Nifty traded lower in early trade on Wednesday (January 1, 2025), the first session of 2025, as unabated foreign fund outflows continued to dent investor sentiments.
Investors also remained cautious ahead of the start of earnings season next week.
The 30-share BSE benchmark Sensex declined 171.81 points to 77,967.20 even after a positive beginning to the trade. The NSE Nifty also dipped 46.4 points to 23,598.40 after a muted opening.
From the 30 blue-chip pack, ICICI Bank, UltraTech Cement, Adani Ports, Tata Steel, Axis Bank, Maruti and Kotak Mahindra Bank were among the laggards.
Asian Paints, Larsen & Toubro, Bajaj Finance, Infosys, HCL Tech and Bajaj Finserv were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,645.22 crore on Tuesday (December 31, 2024), according to exchange data.
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