Sensex Drops 610 Points, Nifty Falls 183 Points Amid Profit-Booking and FII Selling

Mumbai, July 24, 2025 – Benchmark indices Sensex and Nifty continued to decline in early trading hours on Thursday, pressured by profit-booking in heavyweight stocks and sustained foreign institutional investor (FII) outflows. At 12:09 PM IST, the BSE Sensex was down 610 points or 0.74% at 82,115, while the NSE Nifty slipped 183 points or 0.73% to 25,036, extending their losses after a brief positive start.

Blue-Chip Weakness Weighs on Indices

Major laggards on the Sensex included Trent, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finance, Tech Mahindra, TCS, Infosys, and Axis Bank, dragging down the broader market. On the upside, Tata Motors, Eternal, Sun Pharma, and Tata Steel were among the gainers, offering some support to market sentiment.

Global and Trade Developments

Asian markets traded firm, with gains in Japan’s Nikkei 225, South Korea’s Kospi, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng. US markets also ended higher on Wednesday, buoyed by strong corporate earnings and easing trade concerns. Meanwhile, India and the UK are set to sign a Free Trade Agreement (FTA) today in London, which will lower tariffs on key products and target $120 billion in bilateral trade by 2030.

Institutional Flow: FIIs Extend Selling Spree, DIIs Absorb Pressure

• Foreign Portfolio Investors (FPIs) remained net sellers for the third straight session on July 23.
• FPIs sold equities worth ₹4,209.11 crore on that day.
• Their total buy value stood at ₹14,475.50 crore, while the sell value was ₹18,684.61 crore.
• The selling trend reflects ongoing caution due to global uncertainties and high market valuations.
• On the other hand, Domestic Institutional Investors (DIIs) turned net buyers with ₹4,358.52 crore in purchases.
• DIIs bought equities worth ₹15,146.43 crore and sold ₹10,787.91 crore.
• Strong DII inflows helped limit broader market losses.
• The data indicates sustained domestic investor confidence despite persistent FPI outflows.

Oil and Market Recap

Brent crude rose 0.31% to USD 68.72 per barrel, providing some relief to import-heavy sectors. In the previous session, the Sensex had surged 539.83 points and the Nifty added 159 points, but early Thursday trade suggests a shift to cautious sentiment driven by global and domestic flows.

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