Benchmark indices Sensex and Nifty declined in early commerce on Monday (February 17, 2025) as persistent overseas fund outflows from the Indian fairness markets and slowdown in company earnings continued to harm buyers’ sentiment.
The 30-share BSE benchmark Sensex dropped 297.8 factors to 75,641.41 in opening commerce. The NSE Nifty declined 119.35 factors to 22,809.90.
Later, each the benchmark indices fell additional. The BSE bellwether gauge traded 476.70 factors decrease at 75,470.18, whereas the Nifty quoted 146.80 factors down at 22,782.45.
From the Sensex, Mahindra & Mahindra, Tata Metal, Infosys, Tech Mahindra, Tata Consultancy Companies and ICICI Financial institution have been the most important laggards.
Bajaj Finserv, Asian Paints, Tata Motors and IndusInd Financial institution have been among the many gainers.
Overseas Portfolio Traders (FPIs) offloaded equities value ₹4,294.69 crore on Friday (February 14, 2025), in response to alternate knowledge.
The whole outflow by FPIs has reached ₹99,299 crore — close to ₹1 lakh crore — in 2025 thus far, knowledge with the depositories confirmed. FPIs pulled out ₹21,272 crore within the first two weeks of this month, pushed by world tensions after the U.S. imposed tariffs on imports. This got here following a web outflow of ₹78,027 crore in January.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong have been buying and selling within the constructive territory.
U.S. markets ended principally decrease on Friday (February 14, 2025).
“The Indian inventory market is underperforming this 12 months with the Nifty delivering detrimental 3.4% returns vis-a-vis 4.19% returns in S&P 500 and 11.7% returns in Europe,” V. Okay. Vijayakumar, Chief Funding Strategist, Geojit Monetary Companies, mentioned.
“The essential purpose for this underperformance is the sharp slowdown in company earnings this 12 months. Q3 outcomes point out solely round 7% earnings progress. The actual fact is {that a} modest single-digit earnings progress doesn’t deserve excessive valuations. That is the fundamental purpose behind the relentless FII promoting which has impacted the market. Appreciating {dollars} aggravated the issue,” he added.
World oil benchmark Brent crude traded 0.05% larger at $74.78 a barrel.
The BSE benchmark dropped 199.76 factors or 0.26% to settle at 75,939.21 on Friday (February 14, 2025). The Nifty declined 102.15 factors or 0.44% to 22,929.25.
Within the final eight buying and selling days, the BSE benchmark tanked 2,644.6 factors or 3.36%, and the Nifty slumped 810 factors or 3.41%.
Revealed – February 17, 2025 10:21 am IST
