Foreign institutional investors sold equities worth Rs 1,499.81 crore ( around $166 million ), marking the seventh consecutive session of net outflows this month
Indian equity markets slipped as foreign fund outflows and weak global cues weighed on investor sentiment. Investors stayed cautious amid global uncertainties and tariff concerns, keeping trading subdued across sectors.
On Wednesday, the Sensex fell 244.98 points to 83,382.71, while the Nifty 50 dropped 66.70 points to 25,665.60. Persistent foreign selling and mixed global markets contributed to the decline.
Foreign investors continue selling
Foreign institutional investors sold equities worth Rs 1,499.81 crore ( around $166 million ), marking the seventh consecutive session of net outflows this month. Traders said the pressure was felt most on large-cap stocks.
Global markets add to the pressure
Asian markets were mostly lower, with China’s SSE Composite in the red. US indices ended lower overnight, and Wall Street futures indicated a weak start.
“Sentiment remains guarded amid ongoing geopolitical tensions, tariff-related uncertainties, persistent foreign selling, and firmer crude prices,” Ponmudi R, CEO of Enrich Money, told Moneycontrol.
Tariff concerns weigh on investors
Markets were cautious ahead of the US Supreme Court’s likely ruling on the legality of tariffs imposed by the Trump administration last year. The tariffs, ranging from 10 – 50 per cent on major trading partners, have faced legal challenges over presidential authority.
President Trump also recently warned that countries trading with Iran could face a 25 per cent US tariff, adding to market unease.
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