Sensex and Nifty: Amid ongoing FPI outflows, the see modest losses.

 Sensex and Nifty: Early Tuesday saw Indian benchmark indexes trade in the red zone due to a combination of unfavorable global signals, the Wall Street tech sell-off, and ongoing selling by foreign portfolio investors (FPIs).

Around 9.30 am, the Nifty down 30 points, or 0.12%, to 25,911 while the Sensex fell 115 points, or 0.14 percent, to 84,579.

The Nifty Midcap 100 fell 0.03 percent and the Nifty Smallcap 100 dropped 0.08 percent, respectively, as the main broad cap indexes followed benchmark indices.

Nifty PSU Bank was the biggest loss among sectoral gains, down 0.18%, followed by Nifty Realty, down 0.13%.

According to specialists, the 25,850–25,900 zone provides immediate support, while the 26,150–26,200 range is still a critical resistance band.

They said that the Nifty dropped 100 points yesterday despite low volumes since the advance-decline ratio favored losses and that the year-end trend, albeit being poor, did not show a directional change in the market.

When big institutions resume operations early in the new year, there will be a noticeable shift in direction. According to market analysts, investors would be better off waiting for fresh triggers and directional movements.

They noted that indicators of the durability of the economic development and spending boom would be provided by the vehicle sales figures that are anticipated in two days.

Because investors were worried about the tech sell-down on Wall Street, Asia-Pacific markets saw a majority of their morning session declines.

Asian markets saw a 0.1% decline in China’s Shanghai index, a 0.23% increase in Shenzhen, a 0.11% decline in Japan’s Nikkei, and a 0.47% increase in Hong Kong’s Hang Seng Index. The Kospi in South Korea fell 0.01%.

With the Nasdaq down 0.5%, the S&P 500 down 0.35, and the Dow down 0.51%, the US markets closed Monday in the red zone.

On December 29, domestic institutional investors (DIIs) made net purchases of stocks valued at Rs 2,644 crore, while foreign institutional investors (FIIs) sold stocks valued at Rs 2,760 crore.