The Indian stock market witnessed a sharp decline today, with benchmark indices slipping 1.5% amid rising global trade war concerns and sustained selling pressure from Foreign Institutional Investors (FIIs).
Broad-Based Selloff Across Sectors
The stock market downturn was led by significant losses across key sectors, with almost all sectoral indices trading in the red. The Nifty PSE index plunged 2.9%, while Nifty Auto tumbled 2.4%. Additionally, Nifty Energy and PSU Bank indices declined 2.22%, signaling widespread investor caution.
Among individual stocks, Stock Fall dropped sharply by 8%, Eicher Motors slumped 7%, and Apollo witnessed a 6% fall, dragging market sentiment further down.
FII Selling Adds to Pressure
Heavy selling by FIIs exacerbated the market correction, as global investors offloaded Indian equities amid geopolitical uncertainties. Concerns over a potential global trade war have further dampened risk appetite, leading to heightened volatility in domestic markets.
Outlook and Investor Caution
Market experts suggest that continued selling pressure from FIIs, coupled with global trade tensions, could keep equities under pressure in the near term. Investors are advised to tread cautiously and closely monitor global cues for any signs of stabilization.
Stay tuned for more updates on market trends.
