Sensex, Nifty Slip In Early Trade Amid Global Trade Worries, FII Outflows

Geopolitical uncertainty and foreign fund withdrawals drag market sentiment

Indian equity benchmarks opened lower on Tuesday as concerns over global trade tensions and geopolitical instability weighed on investor sentiment. Persistent foreign institutional investor (FII) outflows further dampened market confidence.

At the opening bell, the 30-share BSE Sensex declined 194.65 points to 81,179.10, while the broader NSE Nifty shed 62.35 points to trade at 24,654.25.

Key Drags and Gainers

Among the major laggards on the Sensex were Adani Ports, Larsen & Toubro, Bajaj Finance, ICICI Bank, Bharti Airtel, and Hindustan Unilever, all of which contributed to the early slide. However, select stocks bucked the trend, with Eternal, Tata Steel, Mahindra & Mahindra, and IndusInd Bank registering gains.

FIIs Continue to Sell

FIIs continued their selling spree, offloading equities worth ₹2,589.47 crore on Monday, according to exchange data, further pressuring domestic markets.

Global Cues Mixed

Asian markets showed a mixed picture, with South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng trading in positive territory. Meanwhile, US markets ended higher on Monday, providing some support to global investor sentiment.

Crude Oil Prices Edge Up

Global oil benchmark Brent crude rose 0.57 percent to USD 65 a barrel, adding to inflationary concerns in import-heavy economies like India.

Market Outlook

The markets have remained volatile, driven by a mix of external uncertainties. After Monday’s sharp intra-day drop of nearly 797 points, the Sensex had pared losses to close 77.26 points lower at 81,373.75. The Nifty had ended 34.10 points down at 24,716.60.

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