Sensex falls below 73k-mark; Nifty drops 50 points on weak global peers, relentless FII selling
The Hindu
Equity indices Sensex and Nifty drop due to global market weakness, foreign fund outflows, and US tariff concerns.
Equity benchmark indices Sensex and Nifty plunged in early trade on Tuesday (March 4, 2025), tracking a weak trend in the global markets, incessant foreign fund outflows and concerns over US tariffs.
The 30-share BSE Sensex slumped 177.39 points or 0.24% to 72,908.55 in early trade.
The NSE Nifty dropped 59 points or 0.27%t to 22,060.30. In the intraday session, it declined 144.85 points or 0.65% to 21,974.45.
From the Sensex pack, Nestle India, HCL Technologies, Tech Mahindra, Bharti Airtel, Titan, Infosys, Asian Paints, NTPC, Bajaj Finserv and Sun Pharmaceuticals were among the laggards.
State Bank of India, IndusInd Bank, Zomato, Power Grid, ICICI Bank, Tata Motors, Mahindra & Mahindra, Tata Consultancy Services and Adani Ports were the gainers.
In Asian markets, Tokyo and Hong Kong were trading lower, while Shanghai and Seoul were quoting flat.
US markets ended lower in overnight deals on Monday.
Rupee gains against dollar due to weak US currency and lower oil prices, despite volatile equity markets.
BSE Sensex and Nifty fall for ninth straight session, influenced by selling in blue-chips, while global markets remain mixed.
Paytm owner One97 Communications faces 4% stock plunge after ED notice for FEMA rules violation, impacting ₹611 crore transactions.
Coffee Day Enterprises stock soars 20% after NCLAT sets aside insolvency proceedings, hitting 52-week high amid market decline.
Chief Economic Advisor predicts gold's importance will rise as a portfolio diversification mechanism amidst economic uncertainties and debt challenges.
Adani Green Energy successfully refinances $1.06 billion construction facility, secures long-term financing for sustainable growth and value creation.
Weakest manufacturing growth in a year, but employment rises; inflation eases; India's GDP expands; global demand boosts sector.
Google co-founder Sergey Brin recommended that company employees working on Gemini come to the office every weekday.
Rupee gains against dollar on strong macroeconomic data, equity market recovery, and RBI's liquidity injection.
Equity indices open positive but turn negative amid heavy selling, foreign fund outflow; global markets mixed.
GTRI advises India to clarify WTO compliance on tariffs to U.S. amid challenges in negotiating Free Trade Agreement.
Niti Aayog member Arvind Virmani emphasizes the need for skill development to boost real wages in India.
Assam's small tea growers urge Tea Board for officers fluent in local languages to enhance communication and support.