Indian Stock Market Plunges 700 Points: FII Selling, US Tariffs & Global Cues Blamed

Share Market
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CNBC Awaaz•08-01-2026, 12:43
Indian Stock Market Plunges 700 Points: FII Selling, US Tariffs & Global Cues Blamed
- •Sensex dropped over 700 points, Nifty fell below 25,900, marking the fourth consecutive session of decline for Indian markets.
- •Continuous selling by Foreign Institutional Investors (FIIs), totaling ₹5,760 crore in January, is a major factor.
- •Weak global cues from US, Japan's Nikkei 225, and Hong Kong's Hang Seng, alongside weekly expiry pressure, contributed to volatility.
- •Rising Brent crude oil prices ($60.20/barrel) and US President Donald Trump's tariff warnings on Indian goods over Russian oil purchases fueled concerns.
- •Analysts note that despite short-term weakness, the broader market trend remains bullish, with Nifty finding support around 26,000.
Why It Matters: Indian markets fell sharply due to FII selling, global weakness, rising crude, and US tariff concerns.
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