Sensex Nifty pare gains to close lower for 7th day in a row
The Hindu
BSE Sensex and NSE Nifty close lower amid global cues, retail inflation dip, and foreign fund outflows.
Benchmark indices Sensex and Nifty pared early gains to close lower for the seventh straight day on Thursday (February 13, 2025), dragged by fag-end selling in select IT and banking shares and foreign fund outflows.
The 30-share BSE Sensex dipped 32.11 points or 0.04% to settle at 76,138.97. The index stayed in the positive zone for the most part of the session. The benchmark gyrated 751.1 points between the day's high of 76,764.53 and low of 76,013.43.
The NSE Nifty slipped 13.85 points or 0.06% to 23,031.40.
From the 30-share blue-chip pack, Adani Ports, Infosys, Tata Consultancy Services, State Bank of India, Nestle and Titan were among the laggards.
Sun Pharma, Tata Steel, Bajaj Finserv, Bajaj Finance, Kotak Mahindra Bank and Zomato were the biggest gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,969.30 crore on Wednesday, according to exchange data.
"Despite initial market optimism driven by easing domestic inflation data, the rally lost momentum amid uncertain global cues and subdued corporate earnings. Furthermore, a surge in Chinese technology stocks, fuelled by heightened interest in artificial intelligence, redirected FIIs in pursuit of more attractive returns.
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