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Sensex, Nifty Open Lower Amid FII Outflows, Rising Crude Prices

Indian benchmark indices opened with a mild negative bias, pressured by sustained foreign institutional investor outflows and rising crude oil prices due to tensions in Iran. Sectoral performance was mixed, with metal and oil & gas indices gaining while broader midcap and smallcap indices showed resilience. Asian markets traded mixed, with Japan's Nikkei surging over 1.5% on political speculation, contrasting with overnight losses on US indices. Market analysts indicate immediate support for the Nifty is seen in the 25,550-25,600 zone.

Key Points: Sensex, Nifty Trade Flat on FII Outflows, Iran Tensions

  • FIIs sold ₹1,500 crore in equities
  • Crude oil hits 7-week high
  • Nifty support at 25,550-25,600
  • Asian markets trade mixed
  • Domestic investors bought ₹1,182 crore
2 min read

Sensex, Nifty open lower over FII outflows, crude prices rise

Indian stock markets open lower as FII selling continues and crude oil prices surge on Iran tensions. Check key levels and global market trends.

"Oil prices jumped 2.8 per cent to a seven-week high on escalating Iran tensions - Market Report"

Mumbai, Jan 14

The Indian benchmark indices traded flat with a mild negative bias on Wednesday amid fears of disruption to Iranian crude exports and sustained FII outflows.

As of 9.25 am, Sensex slipped 74 points, or 0.09 per cent to 83,552 and Nifty eased 12 points, or 0.05 per cent to 25,719.

Main broad-cap indices showed slight divergence with benchmark indices, with the Nifty Midcap 100 unchanged, while the Nifty Smallcap 100 added 0.48 per cent.

ONGC, Coal India and NTPC were among major gainers on the Nifty. Sectoral indices were trading mixed with the majority of them in the red. Nifty metal as well as oil and gas were among the major gainers, up 0.84 per cent and 0.32 per cent.

Oil prices jumped 2.8 per cent to a seven-week high on escalating Iran tensions, fuelled by nationwide anti-government protests and US President Donald Trump's public support for demonstrators.

According to market watchers, immediate support for Nifty lies at 25,550-25,600 zone, while resistance remained at 25,850-25,900 zone.

Asia-Pacific markets traded mixed during the morning session as traders parsed China's exports growth data from December which sharply beat expectations.

Japan's benchmark Nikkei 225 jumped over 1.5 per cent following rising expectations that Prime Minister Sanae Takaichi could call for a snap election, likely in February.

In Asian markets, China's Shanghai index added 1.2 per cent, and Shenzhen gained 1.98 per cent, Japan's Nikkei advanced 1.57 per cent, while Hong Kong's Hang Seng Index gained 0.8 per cent. South Korea's Kospi advanced 0.17 per cent.

The US markets ended mostly in the red overnight as Nasdaq lost 0.1 per cent. The S&P 500 declined 0.19 per cent, and the Dow moved down 0.8 per cent.

On January 13, foreign institutional investors (FIIs) sold net equities worth Rs 1,500 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 1,182 crore.

- IANS

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Reader Comments

P
Priya S
Smallcap index adding 0.48% is the silver lining here! 🚀 While the headline indices are flat, there's still money to be made in selective stocks. Mid and small caps have been outperforming for a while now. Time to look beyond just Sensex and Nifty for portfolio growth.
R
Rohit P
ONGC and NTPC gaining makes sense with higher oil prices. But honestly, the market feels like it's just waiting for the budget now. All these small movements are just noise. The real direction will come after Feb 1st. Holding my positions tight.
S
Sarah B
Watching from an international perspective, it's interesting how interconnected everything is. Protests in Iran, Trump's comments, and suddenly oil is up and Indian markets are jittery. India's resilience is impressive though – only a minor dip despite the global headwinds.
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Vikram M
The constant focus on daily FII/DII numbers creates unnecessary panic. Retail investors should focus on long-term fundamentals, not this daily churn. Our economy is strong. A few days of FII selling won't change that. Stay invested, ignore the noise.
K
Kavya N
With China's exports beating expectations and their markets up, maybe some of that positive sentiment should rub off on us? We are part of the same Asian growth story after all. But geopolitics (oil) seems to be overriding everything else for now. Frustrating.

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