Sensex, Nifty decline in early trade on foreign fund outflows, weak U.S. peers

From the Sensex pack, Mahindra & Mahindra, Kotak Mahindra Bank, UltraTech Cement, Tata Motors, ICICI Bank, Infosys, Maruti and Sun Pharma had been among the many greatest laggards. File
| Photo Credit: Special association

Equity benchmark indices Sensex and Nifty declined in early trade on Friday (February 21, 2025) amid foreign fund outflows, weak U.S. markets and tariff threats.

The 30-share BSE benchmark Sensex declined 202.21 factors to 75,533.75 in early trade. The NSE Nifty dipped 63.5 factors to 22,849.65.

From the Sensex pack, Mahindra & Mahindra, Kotak Mahindra Bank, UltraTech Cement, Tata Motors, ICICI Bank, Infosys, Maruti and Sun Pharma had been among the many greatest laggards. Zomato, Tata Steel, NTPC and Larsen & Toubro had been among the many gainers.

Stock markets fall for third day amid uncertainty over U.S. tariff measures, weak Asian peers

Foreign Institutional Investors (FIIs) offloaded equities price ₹3,311.55 crore on Thursday (February 20, 2025), in keeping with alternate knowledge. In Asian markets, Seoul and Tokyo had been buying and selling decrease whereas Shanghai and Hong Kong quoted in the constructive territory. The U.S. markets ended decrease on Thursday (February 20, 2025.)

“In the context of Donald Trump’s tariff threats the market is negatively responding to potential tariff targets such as autos and pharmaceuticals and looking for opportunities in domestic consumption plays which will not be impacted by tariff threats. The FII selling in India is likely to continue, particularly in the context of renewed interest in Chinese stocks which are cheap and are staging a smart recovery. FII selling will continue to put pressure on large-caps,” V.Okay. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, mentioned.

Global oil benchmark Brent crude dipped 0.04% to $76.45 a barrel. “Market concerns include Wall Street’s overnight drop, looming Trump tariffs disrupting trade, persistent U.S. inflation, and a cautious Fed approach on rate cuts,” Prashanth Tapse, Senior V-P (Research), Mehta Equities Limited mentioned.

The Sensex dropped 203.22 factors or 0.27% to settle at 75,735.96 on Thursday (February 21, 2025). The Nifty dipped 19.75 factors or 0.09% to 22,913.15.