Sensex, Nifty tumble amid weak global peers, foreign fund outflows
The Hindu
Sensex and Nifty plummet due to global trends, foreign fund outflows, Brent crude rise, and strong US jobs data.
Benchmark indices Sensex and Nifty tanked in early trade on Monday (January 13, 2025) amid weak global trends and unabated foreign fund outflows.
Brent crude rising to $81 a barrel and a strong US jobs data that dampened early rate cut expectations also dented investors' sentiment.
The 30-share BSE benchmark Sensex tanked 843.67 points to 76,535.24 in early trade. The NSE Nifty dropped 258.8 points to 23,172.70.
From the 30-share blue-chip pack, Asian Paints, Zomato, Mahindra & Mahindra, HDFC Bank, Bajaj Finance, Asian Paints, Kotak Mahindra Bank and Tata Steel were the major laggards.
IndusInd Bank, Axis Bank, Tata Consultancy Services and Hindustan Unilever were the gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower.
U.S. markets closed in the negative territory on Friday.
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