Stock markets end lower on foreign fund outflows, selling in blue-chips
Mumbai: Equity benchmark indices Sensex and Nifty ended lower Tuesday after a day’s breather, tracking unabated foreign fund outflows and selling in blue-chip stocks amid global tariff-related concerns. Market sentiment was also sluggish due to a weak start to the earnings season, according to traders. In a volatile trade, the 30-share BSE Sensex dropped 250.48 points, or 0.30 per cent, to settle at 83,627.69. During the day, it declined 615.38 points, or 0.73 per cent, to 83,262.79. The 50-share NSE Nifty edged lower by 57.95 points or 0.22 per cent to 25,732.30. From the 30-Sensex firms, Trent, Larsen & Toubro, Reliance Industries, InterGlobe Aviation, Maruti, ITC, Adani Ports and Bharat Electronics were among the biggest laggards. In contrast, Eternal, ICICI Bank, Tech Mahindra, State Bank of India and Tata Consultancy Services were among the gainers. The country’s largest IT services exporter TCS on Monday reported a 13.91 per cent drop in December quarter profit at Rs 10,657 crore, majorly on a one-time impact of new labour codes.