- By Aditya Pratap Singh
- Mon, 10 Feb 2025 04:29 PM (IST)
- Source:JND
The domestic stock markets settled in negative territory for the fourth straight day on Monday as fresh US tariff threats dented investor confidence and led to the selling of metals, banking and oil companies. Sensex, the 30-share BSE Sensex fell 548.39 points, or 0.70 per cent, to settle at a weekly low of 77,311.80. During the intraday trade, it fell 753.3 points, or 0.96 per cent, to a level of 77,106.89.
Meanwhile, the NSE Nifty closed 178.35 points, or 0.76 per cent, lower at 23,381.60.
In the 30-stock Sensex pack, Tata Steel, Power Grid, Titan, Zomato, Mahindra & Mahindra, Bajaj Finance, NTPC and Tata Motors were the main laggards.
Also Read: Indian Steel Producers To Face Challenges In Exports Once US Hikes Tariffs: Moody's
Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra, HCL Tech, ICICI Bank and Tata Consultancy Services were among the gainers.
The Sensex fell 1,272 points, or 1.63 per cent, in a four-day decline since February 5, while the Nifty fell 357 points or 1.51 per cent.
In Asian markets, the stock market in Seoul settled lower while Tokyo, Shanghai and Hong Kong closed in positive territory. European markets were trading higher. US markets ended lower on Friday.
Foreign institutional investors offloaded shares worth Rs 470.39 crore on Friday, according to stock exchange data. Brent crude, the global benchmark for oil, rose 1.04 per cent to $75.44 a barrel.
Also Read: Upcoming IPO: Quality Power IPO To Open On Feb 14; Price Band Set At Rs 401-425/ Share
(With Inputs From PTI