Sensex sinks below 75,000 mark on weak U.S. markets, FII outflows
The Hindu
BSE Sensex falls over 1% below 75,000 amid US tariff concerns, foreign fund outflows, and global market trends.
Falling for the fifth day in a row on Monday (February 24, 2025), equity benchmark BSE Sensex tumbled over 1 per cent to drop below the crucial 75,000 level, tracking a US market trend and unabated foreign fund outflows amid concerns over U.S. tariffs.
The 30-share BSE benchmark tanked 856.65 points or 1.14% to settle at 74,454.41. During the day, it plummeted 923.62 points or 1.22% to 74,387.44.
The NSE Nifty dropped 242.55 points or 1.06% to 22,553.35.
In the last five trading sessions, the BSE barometer lost 1,542.45 points or 2%, and the Nifty tanked 406.15 points or 1.76%.
From the Sensex pack, HCL Tech, Zomato, Tata Consultancy Services, Infosys, Tech Mahindra, Bharti Airtel, Tata Steel and NTPC were among the biggest laggards.
In contrast, Mahindra & Mahindra, Kotak Mahindra Bank, Maruti, Nestle and ITC were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,449.15 crore on Friday, according to exchange data.
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