Sensex drops below 76k-mark; Nifty falls lower than 23,000

Sensex and Nifty slump due to foreign fund outflows and trade war fears, causing investor unease.

Benchmark indices Sensex and Nifty slumped in initial trade on Wednesday (February 12, 2025) as unabated foreign fund outflows and trade war fears continued to unnerve investors.

The 30-share BSE benchmark Sensex declined 274.56 points to 76,019.04 in early trade. The NSE Nifty dropped 78.45 points to 22,993.35.

Both the benchmark indices further declined in the trade with the Nifty falling below the crucial 23,000-mark to trade at 22,915.40, down 156.40 points. The BSE benchmark gauge also dropped below 76,000-level to quote at 75,668.97, down 645.04 points.

In the past five days, the BSE bellwether gauge has slumped 2,290.21 points or 2.91 per cent, while the Nifty tanked 667.45 points or 2.81 per cent.

From the 30-share blue-chip pack, Mahindra & Mahindra, Zomato, Reliance Industries, Axis Bank, IndusInd Bank, Asian Paints, ITC and Adani Ports were the biggest laggards.

Tata Consultancy Services, Infosys, Tech Mahindra, HCL Tech and Hindustan Unilever were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,486.41 crore on February 11, 2025, according to exchange data.