ET Market Watch: Sensex drops 308 pts, Nifty below 24,700 on FII exodus & Trump tariff threat
Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:
Sensex tumbled over 300 points and Nifty cracked below 24,700 today, here's what you need to know in 5 quick lines!
1. FII Exodus & Trump Tariff Threat
Foreign investors pulled money out as President Trump renewed threats of U.S. tariffs on India's Russian oil imports, denting market confidence.
2. Sensex & Nifty Snapshot
The Sensex closed down 308.5 points at 80,710, while Nifty slid 66.2 points to 24,649—both under pressure from sustained outflows.
3. Sector Winners & Losers
Defensive FMCG and IT fell ~0.7% each; Nifty Pharma lost 0.8%. Among stocks, Adani Ports, Reliance, Infosys, ICICI Bank all dipped 0.7–2.4%.
4. Bright Spots & Lowlights
Godfrey Phillips jumped 10% on strong June-quarter profit and bonus shares; Reliance Power hit its 5% lower circuit amid ED loan-fraud probes.
5. What's Next?
All eyes on RBI's upcoming MPC meeting for policy cues and watch Nifty's 24,400–24,850 range for the next breakout.
Stay tuned for more market updates—like, follow, and drop your view on whether you're buying the dip or waiting on the sidelines!
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