March 4th 2025.
The stock market in Mumbai got off to a rocky start on Tuesday, as both the Sensex and Nifty indices took a hit. This mirrored a global trend of weak markets, alongside continued outflows of foreign funds and concerns about potential US tariffs. In the early trading hours, the Sensex dropped by 177.39 points, or 0.24%, settling at 72,908.55. Similarly, the Nifty saw a decline of 59 points, or 0.27%, reaching 22,060.30. As the day went on, the Nifty continued to drop, losing 144.85 points, or 0.65%, eventually coming to rest at 21,974.45.
Among the companies listed in the Sensex, many were experiencing losses, including Nestle India, HCL Technologies, and Titan. On the other hand, some companies managed to see gains, such as State Bank of India, IndusInd Bank, and Zomato. Looking at other markets in Asia, Tokyo and Hong Kong were also trading in the red, while Shanghai and Seoul remained stagnant. In the US, markets ended lower on Monday, adding to the overall negative sentiment.
Meanwhile, the price of Brent crude, a global oil benchmark, fell by 0.63%, settling at USD 71.17 per barrel. In terms of investments, Foreign Institutional Investors sold off equities worth Rs 4,788.29 crore on Monday, according to exchange data. This followed a downward trend seen on the previous day, with the Sensex losing 112.16 points to close at 73,085.94 and the Nifty slipping by 5.40 points to settle at 22,119.30.
Overall, the early trading hours on Tuesday were marked by a general sense of concern and unease, as markets both locally and globally saw a decline. Foreign investments continued to be a source of worry, alongside ongoing fears of US tariffs. As the day progressed, it remained to be seen whether the markets would be able to recover from their current downward trend.
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