FIIs offloaded equities worth ₹3,529.10 crore on Tuesday (February 25, 2025), according to exchange data. File
| Photo Credit: Reuters
Equity benchmark indices Sensex and Nifty began the trade on a positive note on Thursday (February 27, 2025) but later faced volatile trends amid unabated foreign fund outflows, monthly derivatives expiry and weak global market cues.
The 30-share BSE benchmark Sensex climbed 231.97 points to 74,834.09 in early trade. The NSE Nifty went up by 65.75 points to 22,613.30.
Later, the indices faced volatile trends and were trading between highs and lows.
From the Sensex pack, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Axis Bank, Nestle and Tata Steel were the biggest gainers.
UltraTech Cement, Mahindra & Mahindra, NTPC, HCL Tech, Tech Mahindra and Tata Motors were among the major laggards.
Foreign institutional investors (FIIs) offloaded equities worth ₹3,529.10 crore on Tuesday (February 25, 2025), according to exchange data.
Stock markets were closed on Wednesday (February 26, 2025) for ‘Mahashivratri’.
“Volatility is likely to be the hallmark as traders roll over their February F&O contracts which expires today. Worries over tariffs will continue to weigh on domestic stocks with plenty of uncertainties surrounding the timing and the size, while relentless FII selling leaves investors to worry a lot as they fear the brutal sell-off is likely to get worse,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
He further said on the positive front, WTI oil prices falling towards $69 a barrel provides some cheer in an uncertain global market.
In Asian markets, Tokyo quoted in the positive territory while Seoul, Shanghai and Hong Kong traded lower.
U.S. markets ended on a mixed note on Wednesday (February 26, 2025).
Global oil benchmark Brent crude climbed 0.33% to $72.77 a barrel.
The Sensex climbed 147.71 points or 0.20% to settle at 74,602.12 on Tuesday, February 25, 2025. The Nifty, however, fell for the sixth day, slipping 5.80 points or 0.03% to finish at 22,547.55.
Published – February 27, 2025 11:22 am IST
