The Nifty50 index has registered its longest daily losing streak since its inception in 1996, plunging for the 10th consecutive session.
The Nifty ended 36.65 points lower at 22,082.65, while the Sensex settled 96.01 points lower at 72,989.93.
Over the past 10 sessions, the Nifty has slumped approximately 4%, now standing 16% below the record high it achieved in September. The continuous decline is attributed to relentless selling by foreign investors and escalating fears of a global trade war.
U.S. President Donald Trump’s tariffs on Canada, Mexico, and Chinese goods have further fueled concerns. In retaliation, China has imposed import duty hikes on U.S. agricultural and food products, adding to the uncertainty in global markets.
Vinod Nair, Head of Research at Geojit Financial Services, noted, “The domestic market showed some recovery from today’s lows but remained in negative territory due to adverse global cues related to escalating trade tensions.”
Market participants remain vigilant, closely monitoring global developments that could impact domestic equities in the near term.
