The BSE Sensex continued its downward trend for the fifth consecutive day on Monday, falling over 1% to dip below the crucial 75,000 level. This decline was attributed to a weak US market trend and ongoing foreign fund outflows, fueled by concerns over US tariffs. The Sensex plummeted 856.65 points to settle at 74,454.41, marking a 1.14% drop. The Nifty also dropped 242.55 points or 1.06% to 22,553.35.
In the last five trading sessions, the Sensex lost 2% while the Nifty saw a decline of 1.76%. IT stocks like HCL Tech, Zomato, TCS, Infosys, and Tech Mahindra were among the major losers, while Mahindra & Mahindra, Kotak Mahindra Bank, and Maruti were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,449.15 crore on Friday, bringing the total outflows past Rs 1 lakh crore in 2025. The broader market felt the impact, with both small and midcap indices experiencing a decline.
Global headwinds and volatility continue to weigh on the domestic market, with concerns over US consumer sentiment and tariffs affecting export-oriented sectors like IT. While Asian markets closed lower, European markets were trading mostly in positive territory. The BSE smallcap gauge declined 1.31%, and the midcap index dipped 0.78%.
Global oil benchmark Brent crude rose slightly to USD 74.46 a barrel. Overall, the market sentiment remained subdued, with uncertainty among retail investors given the current economic climate. The Sensex dropped 424.90 points or 0.56% on Friday, settling at 75,311.06, while the Nifty declined 117.25 points or 0.51% to 22,795.90.
