Markets Slide as Sensex, Nifty Drop Nearly 1% on FII Outflows and Trade Jitters
Mumbai: Indian equity markets slipped sharply in late morning trade on Monday, weighed down by sustained foreign fund outflows and growing unease over global trade and geopolitical developments.
Benchmarks Extend Losing Streak
The benchmark Sensex and Nifty fell close to one per cent as selling pressure intensified across sectors. Investor sentiment remained fragile amid concerns that further US tariffs on Indian exports could impact corporate earnings and economic growth.
Foreign Selling Pressures Markets
Market participants pointed to continued withdrawals by foreign institutional investors as a key factor behind the decline. Persistent selling by overseas funds has added pressure to domestic equities, limiting any meaningful recovery in recent sessions.
Five-Day Losses Mount
The sell-off has been steady over the past week. In the last five trading sessions, the Bombay Stock Exchange benchmark has declined by 2,185.77 points, or 2.54 per cent. Over the same period, the Nifty has slipped 645.25 points, marking a fall of 2.45 per cent.
Global Cues Add to Uncertainty
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Apart from trade-related worries, geopolitical developments overseas have further dampened risk appetite. With global markets showing signs of volatility, investors remained cautious, preferring to trim exposure rather than take fresh positions.
Market observers said near-term direction will depend on global cues, foreign fund flows and clarity on international trade policies.
