Benchmark stock indices Sensex and Nifty tanked more than 1% on Tuesday (February 11, 2025) amid unabated foreign fund outflows and fresh U.S. tariffs that reignited trade war fears.
Declining for the fifth day running, the 30-share BSE Sensex dropped 1,018.20 points or 1.32% to settle at a two-week low of 76,293.60. During the day, it tumbled 1,281.21 points or 1.65% to 76,030.59.
The NSE Nifty cracked 309.80 points or 1.32% to 23,071.80 with 44 of its constituents closing lower and six with gains.
Among 30 Sensex shares, Zomato tanked over 5%. Tata Steel, Bajaj Finserv, Tata Motors, Power Grid, Larsen & Toubro, Kotak Mahindra Bank, Hindustan Unilever and ITC were the biggest laggards.
Bharti Airtel was the only gainer among Sensex scrips.
In the past five days, the BSE bellwether gauge has slumped 2,290.21 points or 2.91%, while the Nifty tanked 667.45 points or 2.81%.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,463.72 crore on Monday (February 10, 2025), according to exchange data.
“The ongoing uncertainty surrounding U.S. trade policies and tariffs, coupled with domestic economic growth concerns and persistent selling by FIIs, is dampening market sentiment. The mid and smallcap stocks experienced significant declines due to demand concerns and higher valuations,” Vinod Nair, Head of Research, Geojit Financial Services, said.
The BSE smallcap gauge plunged 3.40% and midcap index tumbled 2.88%.
In Asian markets, Shanghai and Hong Kong settled lower while Seoul ended higher.
European markets were trading mostly lower. U.S. markets ended in positive territory on Monday (February 10, 2025).
Global oil benchmark Brent crude climbed 1.15% to $76.74 a barrel.
The Sensex dropped 548.39 points or 0.70% to settle at a week’s low of 77,311.80 on Monday (February 10, 2025). The Nifty declined 178.35 points or 0.76% to 23,381.60.
Published – February 11, 2025 04:36 pm IST