Stock Market Today: Sensex Drops Below 76k-Mark; Nifty Falls Below 23,000 In Early Trade; FII Outflows Continue

Stock Market Today: Benchmark indices Sensex and Nifty slumped in initial trade on Wednesday as unabated foreign fund outflows and exchange war fears persevered to unnerve buyers. The 30-percentage BSE benchmark Sensex declined 274.Fifty six points to 76,019.04 in early change. The NSE Nifty dropped seventy eight.45 points to 22,993.35.

Both the benchmark indices in addition declined inside the trade with the Nifty falling below the vital 23,000-mark to exchange at 22,915.40, down 156.40 factors. The BSE benchmark gauge also dropped below 76,000-degree to cite at seventy five,668.Ninety seven, down 645.04 factors.

In the past 5 days, the BSE bellwether gauge has slumped 2,290.21 points or 2.91 in line with cent, while the Nifty tanked 667.Forty five factors or 2.Eighty one per cent.

From the 30-proportion blue-chip %, Mahindra & Mahindra, Zomato, Reliance Industries, Axis Bank, IndusInd Bank, Asian Paints, ITC and Adani Ports have been the biggest laggards.

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Tata Consultancy Services, Infosys, Tech Mahindra, HCL Tech and Hindustan Unilever have been among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs four,486.Forty one crore on Tuesday, consistent with trade data.

“Dalal Street is gripped via pessimism as fears mount over similarly declines if Nifty slips underneath the important 23,000-mark. Key factors weighing on sentiment consist of Rs 1 lakh crore in FII outflows this year and ongoing concerns approximately Trump’s tariff threats,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, stated.

In Asian markets, Shanghai quoted lower while Seoul, Tokyo and Hong Kong have been trading inside the fine territory. US markets ended generally higher on Tuesday.

Global oil benchmark Brent crude dipped 0.34 in keeping with cent to USD seventy six.74 a barrel.

Declining for the 5th day walking on Tuesday, the BSE Sensex dropped 1,018.20 points or 1.32 consistent with cent to settle at a two-week low of seventy six,293.60. The Nifty cracked 309.80 points or 1.32 according to cent to 23,071.Eighty.