Foreign capital outflows and selling caused chaos in the stock market. The Sensex fell 250 points!

Among the 30 Sensex companies, shares of Trent, Larsen & Toubro, Reliance Industries, InterGlobe Aviation, Maruti, ITC, Adani Ports, and Bharat Electronics were the major losers.

 

Foreign capital outflows and selling caused chaos in the stock market. The Sensex fell 250 points. Find out how the market will behave tomorrow.

 

Stock Market News: Domestic stock markets closed with losses on Tuesday amid continued selling by foreign investors and growing concerns about global tariffs. The Sensex fell 250 points and the Nifty nearly 58 points as profit-booking dominated major stocks.

The 30-share BSE Sensex closed down 250.48 points, or 0.30 percent, at 83,627.69. During trading, it had fallen as much as 615.38 points to 83,262.79. Meanwhile, the NSE Nifty closed down 57.95 points, or 0.22 percent, at 25,732.30.

These stocks fell

Among the 30 Sensex companies, Trent, Larsen & Toubro, Reliance Industries, InterGlobe Aviation, Maruti, ITC, Adani Ports, and Bharat Electronics were the major losers. On the other hand, Eternal, ICICI Bank, Tech Mahindra, State Bank of India, and Tata Consultancy Services (TCS) saw gains.

Vinod Nair, head of research at Geojit Investments Ltd., said the US threat of tariffs on countries trading with Iran kept the market on edge. Furthermore, a weakening rupee, rising crude oil prices, a correction in US bond yields, and foreign capital outflows kept investor sentiment cautious.

He said that amid a weak start to quarterly results, profit-booking was seen in major stocks, which increased pressure on the market. TCS, the country's largest IT services company, reported a 13.91 percent decline in net profit for the December quarter due to the one-time impact of new labor codes.

Foreign investors selling

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 3,638.40 crore on Monday, while domestic institutional investors (DIIs) bought shares worth Rs 5,839.32 crore.

On the global front, investors remained cautious after US President Donald Trump announced a 25 percent tariff on countries trading with Iran. Ajit Mishra, Senior Vice President (Research) at Religare Broking, said geopolitical tensions and uncertainties surrounding global trade have impacted investors' risk appetite.

 

In the broader market, the BSE smallcap index rose 0.46 percent, while the midcap index declined 0.16 percent. Sectoral indices included telecom, industrial, and capital goods, losing 1.18 percent, 1.09 percent, and 0.67 percent.

 

In Asian markets, South Korea's Kospi, Japan's Nikkei, and Hong Kong's Hang Seng closed with gains, while China's Shanghai Composite ended in the red. European markets were mixed. US markets had closed with gains on Monday. In the international market, Brent crude oil rose 1.86 percent to $65.06 per barrel.