Markets Slip Again; Nifty Ends Below 22,750, Sensex Falls 243 Points
What Happened
Indian equities closed lower for the second consecutive session amid elevated crude oil prices, persistent foreign investor selling and weak global cues. BSE Sensex: Closed at 72,529.07, down 242.65 points (-0.33%). NSE Nifty 50: Closed at 22,716.20, down 64.05 points (-0.28%). The market witnessed sharp intraday volatility, with the Sensex falling more than 700 points at one stage before recovering partially by the close. Elevated crude oil prices due to ongoing US-Iran tensions, rising US bond yields and continued foreign institutional investor (FII) outflows kept investors cautious. FIIs sold equities worth ₹5,353 crore in the previous session.
Key Takeaways
Markets remain under pressure from surging crude prices, persistent FII outflows and a hawkish global interest-rate environment. However, Nifty managed to hold above the important 22,600 support level, which traders are watching closely for signs of stabilization.