Sensex, Nifty Slide Again as Foreign Flows Weigh on Indian Stocks
Sensex, Nifty Slide Again as Foreign Flows Weigh on Indian Stocks
Indian benchmarks slip into red as foreign outflows persist, erasing gains and pulling major indices lower.
Domestic equity benchmarks Sensex and Nifty slipped back into negative territory on Friday after a brief respite a day earlier, weighed down by sustained foreign fund outflows amid mixed global cues. The Sensex declined 769.67 points, or 0.94%, to settle at 81,537.70, while the Nifty dropped 241.25 points, or 0.95%, to close at 25,048.65. The intraday downtrend featured a classic pattern of lower highs and lower lows, with the index retreating back below its 200-day EMA, reinforcing the prevailing negative bias in the market structure.
All sectoral indices ended the session in the red, and broad-based selling dragged mid-cap and small-cap segments as well, which shed more than 1.5% each. The BSE PSU Bank index fell around 2%, underscoring a weak breadth backdrop for the day. Investor sentiment was further dampened by persistent foreign fund outflows even as global markets remained cautiously optimistic and domestic PMI data supported continued expansion.
Investor wealth took a hit as the BSE market capitalization erased about Rs 6.72 lakh crore, bringing total market cap down to roughly Rs 451.70 lakh crore from Rs 458.42 lakh crore in the previous session.
On the stock front, Adani Ports & Special Economic Zone emerged as the top loser, sliding 7.52% to Rs 1,307.60. Eternal also fell 6.29%. Other notable declines included IndiGo (down about 4.01%), Axis Bank (down 2.72%), Bajaj Finserv (down 2.26%), and Power Grid (down 2.08%). Five stocks—Axis Bank, Eternal, Reliance Industries, SBI and Adani Ports—were among the heaviest drags on the Sensex.
Despite a backdrop of firm global cues and resilient domestic PMI data, the market remained cautious, with investors awaiting further cues on macro data, corporate results, and policy signals ahead of upcoming events.
