Indian benchmarks likely to open flat amid foreign sell-off, weak sentiment
3 weeks, 5 days ago

Indian benchmarks likely to open flat amid foreign sell-off, weak sentiment

Live Mint  

Feb 25 - India's benchmark indexes are likely to open little changed on Tuesday, after last session's losses, weighed down by persistent sell-off by foreign investors and weak global sentiment. Asian markets slipped in early trades, with the MSCI Asia ex Japan down 1.2%, mirroring the overnight losses in the U.S. U.S. President Donald Trump's comments that tariffs on Canada and Mexico are "on time and on schedule" and his decision to restrict Chinese investments in strategic areas were the fresh triggers weighing on investor sentiments on the day. The Indian benchmarks fell for the fifth straight session on Monday to close at their lowest in nearly eight months as persistent selling by foreign portfolio investors and concerns over slowing U.S. growth rattled domestic investors. Foreign investors have offloaded shares worth $3.12 billion so far in February and about $24 billion since October 2024, when the ongoing sell-off began.

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