Markets decline in early trade amid unabated foreign fund outflows
The Hindu
Benchmark indices Sensex and Nifty faced volatile trends in early trade on Friday (March 7, 2025) as uninterrupted foreign fund outflows and uncertainties over global trade war dampened investors’ sentiment.
Benchmark indices Sensex and Nifty faced volatile trends in early trade on Friday (March 7, 2025) as uninterrupted foreign fund outflows and uncertainties over global trade war dampened investors' sentiment.
After two days of breather, the 30-share BSE benchmark Sensex declined 243.51 points or 0.33% to 74,096.58 in the morning trade. The NSE Nifty dipped 53.35 points or 0.24% to 22,491.35.
From the Sensex pack, IndusInd Bank, NTPC, HCL Technologies, Tech Mahindra, Zomato, Power Grid, ICICI Bank, Infosys, ITC, Hindustan Unilever and Bharti Airtel were among the laggards.
Also read | Markets bounce back in tandem with rally in Asian peers
On the other hand, Tata Motors, Reliance Industries, Tata Steel, Adani Ports, Larsen & Toubro, and Axis Bank were the gainers.
"Trump dilly dallying on tariffs with the latest decision to postpone imposition of tariffs on Canada and Mexico to April 2nd is being viewed by markets seriously. Markets feel that Trump is keen to negotiate deals rather than stick to high tariffs for the long term," V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
In Asian markets, Tokyo and Seoul were trading lower, while Shanghai was flat. Hong Kong stock markets was quoting in the positive zone.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
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