Sensex Dips 300 Pts, Nifty Below 25,900: FII Selling, Global Cues Drive Market Decline

• Sensex fell nearly 300 points from its day's high, closing at 84,515.46, while Nifty dropped below 25,900 to 25,884.55.
• Foreign Institutional Investors (FIIs) continued their selling spree, offloading equities worth Rs 2,759.89 crore, marking the fifth consecutive net outflow.
• Weak global market trends, including lower Asian and US markets, dampened investor sentiment in India.
• Nifty derivatives expiry, profit booking in IT, pharma, and real estate sectors, and rising crude oil prices contributed to market volatility.
• The India Vix, a fear gauge, rose over 1% to 9.84, signaling increased investor uncertainty.

Why It Matters: FII selling, weak global cues, and expiry-led volatility caused Sensex and Nifty to decline.