Sensex, Nifty snap two-day rally dragged by realty, healthcare stocks

Global markets fluctuate as foreign fund outflows impact Indian stocks; Sensex and Nifty close lower in volatile session.

Equity benchmarks Sensex and Nifty surrendered early gains to close with losses in a volatile session on Friday (January 24, 2025), snapping their two-day winning streak as investors pared exposure to realty, oil & gas and healthcare stocks amid a mixed trend in global markets.

Unabated foreign fund outflows also dented investor sentiment.

The 30-share BSE benchmark dropped 329.92 points or 0.43% to settle at 76,190.46. During the day, it slumped 428.63 points or 0.56% to 76,091.75.

The NSE Nifty declined 113.15 points or 0.49% to 23,092.20.

From the 30-share blue-chip pack, Mahindra & Mahindra, Zomato, Tata Motors, IndusInd Bank, Reliance Industries, Larsen & Toubro, UltraTech Cement, HDFC Bank, Adani Ports and Bajaj Finserv were among the major laggards.

On the other hand, Hindustan Unilever, Tech Mahindra, Nestle, Bharti Airtel and ICICI Bank were among the gainers.

In Asian markets, Seoul, Shanghai, and Hong Kong settled in the positive territory while Tokyo ended lower. The Bank of Japan raised its key interest rate to about 0.5% from 0.25%.