15.12.202504:52:33UTC+00Indian Equity Markets Slip in Early Trading

On Monday morning, the BSE Sensex experienced a decline of 369 points, equivalent to a 0.4% drop, reaching 84,898. Concurrently, the Nifty 50 saw a reduction of 0.5%, both indices wiping out gains from the previous two sessions. This was largely due to ongoing foreign capital outflows. On Friday, foreign investors offloaded shares amounting to INR 11.1 billion (approximately $122.6 million), marking six consecutive sessions of such activity, according to provisional data. Additionally, investors remain cautious due to lingering uncertainty surrounding a potential trade agreement between the US and India. Market participants evaluated the November inflation figures, which were released on Friday. The data indicated that the annual headline inflation rate increased to 0.71%, up from October's record low of 0.25%, although it still stayed below the Reserve Bank of India's lower tolerance threshold of 2%. Traders are also focusing on trade and unemployment data anticipated to be released today. Sectors such as automobiles, financial services, technology, and metals exerted downward pressure on the index, with key decliners including Mahindra & Mahindra (-1.6%), Bajaj Finserv (-1.2%), Tata Motors (-1.1%), Power Grid (-1.0%), and JSW Steel (-1.0%).