Mon Jan 06 07:00:00 UTC 2025: **Indian Markets Extend Losses Amidst FII Selling and Global Uncertainty**

**Mumbai, January 6, 2025** – Indian equity benchmarks, the NIFTY50 and SENSEX, slumped over 1% on Monday, extending losses from the previous week. Foreign institutional investors (FIIs) continued their selling spree, offloading ₹4,227.25 crore worth of Indian equities on Friday alone. This contributed to a cautious market sentiment, further dampened by investors awaiting Q3 earnings reports, starting with TCS this week, and rising US-China trade tensions.

The SENSEX closed at 78,530.57, down 800 points (0.95%), while the NIFTY50 ended at 23,764.85, a decrease of 240 points (1.01%). Broader indices also suffered, with the BSE mid-cap and small-cap indices falling 1.27% and 1.64%, respectively.

HDFC Bank shares experienced a decline following Q3 business updates that revealed slower credit growth, although increased deposit growth is anticipated to mitigate credit costs. In contrast, Titan Company shares rallied over 2% after announcing a strong 24% year-on-year revenue growth in Q3FY25 and a significant expansion of its retail network. ITC shares also attracted investor attention due to the record date for the demerger of its hotel business.

Global markets mirrored the negative trend, with most Asian markets trading in the red. The Nikkei 225 in Japan fell 1.62%, while the Hang Seng in Hong Kong dropped 0.27%. However, some markets, including the KOSPI in South Korea and the Straits Times in Singapore, showed gains.

The continued FII selling and global uncertainty suggest a period of volatility for the Indian markets in the coming days. Investors are advised to exercise caution and closely monitor the unfolding Q3 earnings season and geopolitical developments.

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