Sensex and Nifty fell for the third day on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors’ sentiment.
| Photo Credit: REUTERS
Benchmark indices Sensex and Nifty declined for the third day on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors’ sentiment.
The 30-share BSE Sensex dropped 203.22 points or 0.27% to settle at 75,735.96. During the day, it tanked 476.17 points or 0.62% to 75,463.01.
The NSE Nifty dipped 19.75 points or 0.09% to 22,913.15. Selling in frontline stocks HDFC Bank and ICICI Bank also dragged down the key indices.
From the Sensex pack, HDFC Bank, Maruti, Tech Mahindra, HCL Tech, ITC, ICICI Bank, Kotak Mahindra Bank and Bajaj Finance were among the biggest laggards.
NTPC, Adani Ports, Mahindra & Mahindra, Tata Steel and IndusInd Bank were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,881.30 crore on Wednesday (February 19, 2025) after a day’s breather, according to exchange data.
“Domestic equity indices experienced minor losses as rising concerns over potential U..S tariffs on Indian goods led to capital outflows. Additionally, the proposed trade policy is expected to exert inflationary pressures, with the latest Fed Minutes indicating that an interest rate cut may be delayed,” Vinod Nair, Head of Research, Geojit Financial Services, said.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the negative territory.
European markets were trading mostly higher.
U.S. markets ended in positive territory on Wednesday.
22,913.15 oil benchmark Brent crude went up 0.08% to $76.10 a barrel.
Sensex dipped 28.21 points or 0.04% to settle at 75,939.18 on Wednesday. The Nifty skidded 12.40 points or 0.05% to 22,932.90.
Published – February 20, 2025 05:02 pm IST
