Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Sensex drops below 76k-mark; Nifty falls lower than 23,000 dragged by trade war fears, FII outflows

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Sensex drops below 76k-mark; Nifty falls lower than 23,000 dragged by trade war fears, FII outflows
PTI News
Dated:- 12-2-2025
PTI
Mumbai, Feb 12 (PTI) Benchmark indices Sensex and Nifty slumped in initial trade on Wednesday as unabated foreign fund outflows and trade war fears continued to unnerve investors. The 30-share BSE benchmark Sensex declined 274.56 points to 76,019.04 in ea .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rly trade. The NSE Nifty dropped 78.45 points to 22,993.35. Both the benchmark indices further declined in the trade with the Nifty falling below the crucial 23,000-mark to trade at 22,915.40, down 156.40 points. The BSE benchmark gauge also dropped below 76,000-level to quote at 75,668.97, down 645.04 points. In the past five days, the BSE bellwether gauge has slumped 2,290.21 points or 2.91 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... per cent, while the Nifty tanked 667.45 points or 2.81 per cent. From the 30-share blue-chip pack, Mahindra & Mahindra, Zomato, Reliance Industries, Axis Bank, IndusInd Bank, Asian Paints, ITC and Adani Ports were the biggest laggards. Tata Consultancy Services, Infosys, Tech Mahindra, HCL Tech and Hindustan Unilever were among the gainers. Foreign Institutional Investors (FIIs) offloaded eq .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uities worth Rs 4,486.41 crore on Tuesday, according to exchange data. "Dalal Street is gripped by pessimism as fears mount over further declines if Nifty slips below the crucial 23,000-mark. Key factors weighing on sentiment include Rs 1 lakh crore in FII outflows this year and ongoing concerns about Trump's tariff threats," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Asian markets, Shanghai quoted lower while Seoul, Tokyo and Hong Kong were trading in the positive territory US markets ended mostly higher on Tuesday. Global oil benchmark Brent crude dipped 0.34 per cent to USD 76.74 a barrel. Declining for the fifth day running on Tuesday, the BSE Sensex dropped 1,018.20 points or 1.32 per cent to settle at a two-week low of 76,293.60. The Nifty cracked 3 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 09.80 points or 1.32 per cent to 23,071.80. PTI SUM HVA
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates