Sensex, Nifty tumble in early trade amid foreign fund outflows; slowdown in corporate earnings
The Hindu
Sensex and Nifty decline due to foreign fund outflows and corporate earnings slowdown, impacting investor sentiment negatively.
Benchmark indices Sensex and Nifty declined in early trade on Monday (February 17, 2025) as persistent foreign fund outflows from the Indian equity markets and slowdown in corporate earnings continued to hurt investors’ sentiment.
The 30-share BSE benchmark Sensex dropped 297.8 points to 75,641.41 in opening trade. The NSE Nifty declined 119.35 points to 22,809.90.
Later, both the benchmark indices fell further. The BSE bellwether gauge traded 476.70 points lower at 75,470.18, while the Nifty quoted 146.80 points down at 22,782.45.
From the Sensex, Mahindra & Mahindra, Tata Steel, Infosys, Tech Mahindra, Tata Consultancy Services and ICICI Bank were the biggest laggards.
Bajaj Finserv, Asian Paints, Tata Motors and IndusInd Bank were among the gainers.
Foreign Portfolio Investors (FPIs) offloaded equities worth ₹4,294.69 crore on Friday (February 14, 2025), according to exchange data.
The total outflow by FPIs has reached ₹99,299 crore — near ₹1 lakh crore — in 2025 so far, data with the depositories showed. FPIs pulled out ₹21,272 crore in the first two weeks of this month, driven by global tensions after the U.S. imposed tariffs on imports. This came following a net outflow of ₹78,027 crore in January.
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