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Sensex, Nifty Extend Slide as Foreign Selling Persists and US Tariff Shock Lingers

Persistent foreign selling alongside new US tariff risk kept sentiment cautious.

Overview

  • The Sensex closed at 83,382.71 and the Nifty at 25,665.60 on Jan 14, marking a second straight decline after volatile trading.
  • Traders cited President Donald Trump’s 25% tariff policy on countries doing business with Iran and ongoing FII outflows as key overhangs, with FIIs net selling Rs 1,499.81 crore on Tuesday while DIIs bought Rs 1,181.78 crore.
  • Sector moves were split, with metals and PSU banks advancing, while IT, consumption and parts of banking lagged; TCS fell after reporting a 13.91% year-on-year profit drop for the December quarter.
  • Heavyweights including TCS, Asian Paints, HDFC Bank, ICICI Bank and Maruti contributed to the drag, even as Tata Steel, NTPC and Axis Bank offered support.
  • Analysts flagged Nifty support near 25,600–25,650 and resistance around 25,800–26,000, and exchanges confirmed a trading holiday on Jan 15 for Maharashtra municipal elections.