The Indian stock market witnessed a sharp decline today, with benchmark indices slipping 1.05%, weighed down by broad-based selling across sectors. Rising concerns over a global trade war and persistent Foreign Institutional Investor (FII) selling pressure kept investor sentiment weak.
Broad-Based Sectoral Decline
Almost all sectoral indices traded in the red, with Nifty PSE plunging 2.5%, while Nifty Auto fell 1.9%. The Nifty Energy and PSU Bank indices dropped 2.55%, reflecting heavy selling pressure across the board.
Major Stock Losses
Several large-cap stocks saw sharp declines:
- Vodafone Idea tumbled 7.26%
- Jio Financial Services dropped 4.2%
- Indian Railway Finance Corporation (IRFC) slipped 4.4%
FII Outflows Add to Market Woes
Sustained FII outflows have further dampened sentiment, as global investors reduce exposure to Indian equities amid geopolitical uncertainties. The looming risk of a global trade war has led to increased stock market volatility, prompting investors to tread cautiously.
Market Outlook
Experts suggest that the market could remain under pressure in the short term, with investors keeping a close eye on global developments. The continuation of FII selling and geopolitical tensions will be key factors influencing the next market moves.
Stay tuned for further updates on market trends.
