Market sell-off driven by FIIs exit, rising crude, and US policy uncertainty
Indian stock markets tumbled on Friday, with the Nifty slipping below 22,795.90 and the Sensex dropping over 424.90 points, as multiple global and domestic factors weighed on sentiment. Foreign Institutional Investors (FIIs) offloaded ₹3,311 crore in equities, taking their total outflows for the year to ₹98,229 crore, pressuring large-cap stocks. Donald Trump's renewed tariff threats raised concerns for export-driven sectors like pharma and automobiles.
Meanwhile, Chinese markets surged over 3%, attracting global investors and diverting funds away from Indian equities. Additionally, Brent crude prices climbed, raising fears of higher inflation and trade deficits for India. Lastly, stronger-than-expected US inflation data dampened hopes of multiple US Fed rate cuts in 2025, with policymakers now hinting at only two cuts, tightening global liquidity conditions.
Among today’s top Nifty 50 losers are