Sensex Dips 300 Points, Nifty Below 25,300: FII Selling, Weak Q3 Results & Crude Oil Prices Blamed

• Indian stock market indices, Sensex and Nifty, saw declines after initial gains on Friday.
• Sensex fell 300 points from its day high, trading at 82,285.24, while Nifty dropped below 25,300 to 25,286.95.
• Continuous selling by Foreign Institutional Investors (FIIs) for the 13th consecutive session in January contributed to market pressure.
• Weak quarterly results from heavyweight companies like ICICI Bank Ltd. and HCL Technologies Ltd. dampened investor sentiment.
• Rising crude oil prices, with Brent crude at $64.57 per barrel, fueled inflation concerns and impacted market gains.

Why It Matters: FII selling, weak corporate earnings, and rising crude oil prices led to a significant market dip today.