Benchmark Indices End Flat as Foreign Outflows Weigh on Sentiment
India’s benchmark equity indices closed nearly unchanged on Tuesday amid thin year-end trading and persistent foreign investor outflows. The Nifty 50 slipped 0.01% to 25,938.85, while the BSE Sensex eased 0.02% to 84,675.08. Market breadth remained weak, with ten of the 16 major sectors declining, and broader indices under pressure as small-caps and mid-caps fell 0.3% and 0.2%, respectively. Analysts said the lack of fresh global or domestic triggers and ongoing index rebalancing weighed on select stocks.
Despite the muted overall tone, metal stocks outperformed, with the Nifty Metal index gaining 2%—its twelfth rise in 14 sessions—on optimism around commodity prices. However, continued foreign portfolio selling in low-volume trade has dragged the benchmarks down about 1% over the past five sessions. Overseas investors have offloaded a record $18.5 billion worth of Indian equities so far in 2025, leading to a rare phase of underperformance versus other emerging and Asian markets.
Stock-specific action remained mixed. Eternal Enterprises fell 2% following reports of the Blinkit unit’s chief financial officer resigning, while Cupid surged 4.6% after board approval to establish an FMCG manufacturing facility in Saudi Arabia. Honasa Consumer rose 5.2% after a promoter stake increase, and Shriram Finance gained 2.5% on a CARE Ratings upgrade, its first rating action since the MUFG deal announcement. Meanwhile, Gujarat Kidney and Super Speciality tumbled 8.3% on its market debut.
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