Sensex, Nifty fall for 8th day as relentless FII selling hits market sentiments
The Hindu
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday (February 14, 2025) as investors' sentiments were plagued due to persistent foreign fund outflows.
Markets began the trade on an optimistic note but soon gave up initial gains and fell in the negative territory.
The 30-share BSE benchmark Sensex dropped 199.76 points or 0.26% to settle at 75,939.21. During the day, it tanked 699.33 points or 0.91% to 75,439.64.
The NSE Nifty declined 102.15 points or 0.44% to 22,929.25.
In eight trading days, the BSE benchmark has tumbled 2,644.6 points or 3.36%, and the Nifty slumped 810 points or 3.41%.
From the 30-share blue-chip pack, Adani Ports dropped over 4%. UltraTech Cement, Sun Pharma, IndusInd Bank, NTPC and Tata Steel were also the among the laggards.
Nestle, ICICI Bank, Infosys, Tata Consultancy Services and HCL Tech were among the gainers.
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