Sensex, Nifty Dip: Foreign Outflows, Global Cues, US Tariffs Drive Market Decline

• Indian benchmark indices Sensex and Nifty closed lower on Wednesday amidst high volatility.
• Sensex dropped 244.98 points (0.29%) to 83,382.71, while Nifty fell 66.70 points (0.26%) to 25,665.60.
• Persistent foreign institutional investor (FII) outflows, totaling Rs 1,499.81 crore on Tuesday, pressured domestic equities.
• Weak global cues, including lower Asian and US markets, contributed to the negative sentiment.
• Concerns over a potential US Supreme Court ruling on Trump administration tariffs and new tariffs related to Iran added to investor caution.

Why It Matters: Indian markets declined due to foreign fund outflows, weak global sentiment, and US tariff uncertainties.