Market Plunges 4th Day: FII Selling, Tariff Fears Drive Decline

Share Market
C
CNBC Awaaz•08-01-2026, 15:59
Market Plunges 4th Day: FII Selling, Tariff Fears Drive Decline
- •Indian stock market closed lower for the fourth consecutive session, with Sensex dropping 780 points and Nifty 264 points.
- •Heavy selling was observed across sectors, including Metal, Oil & Gas, PSE, Midcap, and Smallcap shares.
- •Key reasons for the decline include FIIs selling ₹1,527.71 crore, weak global cues, and weekly expiry volatility.
- •Rising Brent crude oil prices ($60.20/barrel) and uncertainty over US tariff policy added significant pressure.
- •Experts suggest a sustainable recovery requires clarity on India-US trade agreement and return of foreign investors.
Why It Matters: FII selling, tariff fears, and rising crude oil prices led to a significant market downturn for the fourth day.
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