Indian Stock Market Plunges: Sensex Dips 300 Pts, Nifty Below 26100 Amid Global Woes

Business
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Moneycontrol•07-01-2026, 15:40
Indian Stock Market Plunges: Sensex Dips 300 Pts, Nifty Below 26100 Amid Global Woes
- •Indian stock markets witnessed a third consecutive day of decline, with Sensex falling over 300 points and Nifty slipping below 26,100.
- •The primary reasons for the market downturn include rising geopolitical tensions, continuous selling by Foreign Institutional Investors (FIIs), and weak global cues.
- •FIIs net sold Indian equities worth ₹107.63 crore on Tuesday, with total sales of approximately ₹3,100 crore in January so far, impacting market liquidity.
- •Asian markets like Japan's Nikkei 225 and Hong Kong's Hang Seng Index also showed weakness, contributing to cautious global sentiment.
- •Despite a late recovery attempt, Sensex closed down 102.20 points (0.12%) at 84,961.14, and Nifty fell 37.95 points (0.14%) to 26,140.75.
Why It Matters: Geopolitical tensions, FII selling, and weak global cues drove Indian markets down for a third day.
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