Mon Jan 27 17:10:00 UTC 2025: ## Indian Stock Market Plunges on Global Uncertainty and FPI Outflows
**Mumbai, India –** India’s stock market experienced a significant downturn today, with both the Sensex and Nifty indices closing sharply lower. The Sensex fell 829.28 points (1.09%) to 75,361.18, while the Nifty dropped 267.05 points (1.16%) to 22,825.15. The Nifty Bank index also declined by 0.66%.
The broad-based sell-off affected almost all sectors, with IT, metal, media, energy, and pharmaceutical stocks suffering the most. Analysts attribute the decline to a confluence of factors, including weak global cues, disappointing Q3 earnings, and ongoing uncertainty.
A major contributor to the market’s weakness is the persistent outflow of funds from Foreign Portfolio Investors (FPIs). FPIs withdrew a massive Rs 69,000 crore from Indian markets in January alone, despite significant investment (Rs 67,000 crore) by Domestic Institutional Investors (DIIs).
Global concerns are also impacting investor sentiment. Anxiety surrounding upcoming US Federal Reserve monetary policy decisions and rising global trade tensions are contributing to market volatility. While a recent trade dispute between the US and Colombia was resolved, the incident highlights the geopolitical risks impacting investor confidence.
Further adding to the uncertainty, investors are awaiting the Union Budget 2025, scheduled for February 1st. Speculation about potential income tax cuts or stimulus measures is creating market hesitancy.
Separately, food delivery platforms Swiggy and Zomato announced new payment integrations to streamline the ordering process for customers.
First Piper 