Bajaj Finserv, Tata Steel, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Bank and Tata Motors were among the gainers. File
| Photo Credit: PTI
Stock markets closed lower for the sixth straight day on Wednesday (February 12, 2025) with Sensex falling by 122 points on unabated foreign fund outflows and trade war worries.
The 30-share BSE Sensex, which had tanked more than 900 points intra-day, closed at 76,171.08, down by 122.52 points or 0.16% following a recovery in financial stocks in the last hour.
During the day, the benchmark tanked 905.21 points or 1.18% to sink below the 76,000-level to hit a low of 75,388.39.
The NSE Nifty dipped 26.55 points or 0.12% to 23,045.25, marking its sixth straight day of losses. Intra-day, it tumbled 273.45 points or 1.18% to 22,798.35, falling below the crucial 23,000-mark.
Since February 4, the BSE bellwether gauge has slumped 2,412.73 points or 3.07%, while the Nifty tanked 694 points or 2.92%.
From the 30-share Sensex pack, Mahindra & Mahindra, ITC, Power Grid, Reliance Industries, IndusInd Bank, Adani Ports, Titan and Infosys were the biggest laggards.
Bajaj Finserv, Tata Steel, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Bank and Tata Motors were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,486.41 crore on Tuesday (February 11, 2025), according to exchange data.
“The Indian market saw a slight recovery from the sharp intraday declines; however, overall sentiment remained weak due to elevated broader market valuations and muted Q3 earnings growth. Concerns over excessive valuations are expected to sustain the ongoing consolidation phase,” Vinod Nair, Head of Research, Geojit Financial Services, said.
Additionally, uncertainty regarding the impact of metal tariffs added to market caution, Mr. Nair said.
“The upcoming release of U.S. CPI inflation data will provide further market direction,” he added.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the positive territory.
European markets were trading higher. U.S. markets ended mostly higher on Tuesday (February 11, 2025).
Global oil benchmark Brent crude declined 0.78% to $76.40 a barrel.
Declining for the fifth day running on Tuesday (February 11, 2025), the BSE Sensex dropped 1,018.20 points or 1.32% to settle at a two-week low of 76,293.60. The Nifty cracked 309.80 points or 1.32% to 23,071.80.
Published – February 12, 2025 05:28 pm IST
