Indian benchmark stock market indices settled at their lowest levels in seven months on Monday as they extended losses for the second consecutive session. The market cap of Nifty 50 companies fell by Rs 2.4 lakh crore to Rs 182.07 lakh crore.
The NSE Nifty 50 ended 263.05 points or 1.14% lower at 22,829.15, and the 30-stock BSE Sensex ended 824.29 points or 1.08% lower at 75,366.17. The two frontline indices posted their lowest levels since June 5, 2024.
The NSE Nifty Bank index also declined to its lowest level in seven months during the session. The index ended 0.63% lower at 48,064.65.
“With global market weakness and concerns around Trump’s trade policy, Indian equities are expected to remain under pressure in the near term,” said Siddharth Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services Ltd. The outcome, the Federal Reserve’s stance and India’s budget announcements for further signals during the six-day trading week. ,
Since October 2024, FPIs have been majorly net sellers as they offloaded shares worth Rs 7,292.3 crore. According to provisional NSE data compiled by NDTV Profit, DIIs were net buyers of shares worth Rs 5.32 lakh crore during the period.
In December alone, FPIs were net buyers, raising Indian equities worth Rs 15,446 crore, according to NSDL data.
(tagstotranslate) FPI (T) Markets (T) FPI Data
