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NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Indian Markets Dip: Sensex, Nifty Fall Amid IT Sell-off & Liquidity Fears

By SivamIndian Markets Dip: Sensex, Nifty Fall Amid IT Sell-off & Liquidity Fears

Indian markets, including Sensex and Nifty, opened lower, extending losses due to IT sell-off and concerns over narrowing banking system liquidity. FIIs turned net sellers.

Indian markets kicked off Friday with a significant gap-down, ending a five-session winning streak. Both the Sensex and Nifty traded under pressure, primarily driven by weak global cues and widespread profit-taking.

Key Market Movements

  • The Sensex dropped by 0.91%, settling at 76708.50.
  • The Nifty saw a decline of 0.79%, trading at 23977.45.
  • Selling pressure was notably concentrated in IT and Teck stocks, causing both indices to dip around a percent each in early deals.

Investor Sentiment & Liquidity Concerns

Further caution in the market stemmed from foreign institutional investors (FIIs) turning net sellers. They offloaded equities worth ₹1,025.20 crore on June 18.

Traders also noted concerns over the Reserve Bank of India (RBI) data, which indicated a sharp narrowing of surplus liquidity in the banking system. This metric reached its lowest level in nearly three months, adding to market jitters.

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