Sensex, Nifty Plunge 4th Day Amid Trump's Tariff Warnings, FII Outflows

Business
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News18•08-01-2026, 15:46
Sensex, Nifty Plunge 4th Day Amid Trump's Tariff Warnings, FII Outflows
- •Indian benchmark indices Sensex and Nifty extended losses for a fourth consecutive session on January 8, with Sensex shedding nearly 1,600 points and Nifty about 470 points over four days.
- •Key factors driving the decline include persistent FII selling (Rs 1,527.71 crore on Wednesday, Rs 5,760 crore in January) and increased volatility due to weekly derivatives expiry.
- •Weak global cues, including lower Asian equities and geopolitical tensions like China's anti-dumping probe, contributed to negative investor sentiment.
- •Rising Brent crude prices (USD 60.20/barrel) negatively impacted India, a major oil importer, adding to market concerns.
- •US President Donald Trump's comments on potential tariffs on Indian goods over Russian oil imports and strained US-India trade relations fueled investor uncertainty.
Why It Matters: Indian markets fell sharply for the fourth day due to FII selling, global weakness, rising crude, and US tariff threats.
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