The day in Indian stock markets started quite poorly, that is selling of foreign institutional investors (FIIs) and worry over U.S. tariffs.

Right at the start of trading, the BSE Sensex, which comprises 30 stocks, had already lost 255.86 points, settling at 84,705.28, whereas the NSE Nifty was down by 65.9 points, thus, it went down to 26,074.85.

The affected stocks on the Sensex with the greatest impact on the market’s fall were Tata Consultancy Services, Asian Paints, Maruti Suzuki, Tech Mahindra, Infosys, and UltraTech Cement. Conversely, the stock prices of ICICI Bank, Adani Ports, Bharat Electronics, and Hindustan Unilever showed small gains.

The data from the stock exchange revealed that on Wednesday, foreign institutional investors sold shares worth ₹1,527.71 crore, while domestic institutional investors supported the market through buying stocks worth ₹2,889.32 crore.

According to market analysts, external uncertainties are overshadowing the strong macroeconomic fundamentals. V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, pointed out that the advance estimates forecasting 7.4% GDP growth for FY26 clearly show the strength of the Indian economy even in the face of U.S. tariffs. He, however, cautioned that the lack of an important U.S.-India trade deal coupled with the ongoing FII selling is keeping the market sentiment bearish.

The first advance estimates released by the Ministry of Statistics and Programme Implementation (MoSPI) revealed that the GDP growth rate for India in 2025-26 would be 7.4%, which is more than 7.3% forecasted by the Reserve Bank of India and 6.3–6.8% predicted by the government at first. Even if there are geopolitical problems, India will still be among the fast-growing economies in the world.

Enrich Money’s CEO Ponmudi R stated that markets are still cautionary since the key indices are at the support levels but they also have strong resistance levels due to the geopolitical factors, tariff issues, and the trend of foreign portfolio outflows which are all still there.

In the Asian markets, South Korea’s Kospi and China’s Shanghai Composite recorded a positive trading session whereas Japan’s Nikkei 225 and Hong Kong’s Hang Seng declined. The U.S. stock markets registered negative closing figures mostly.

Simultaneously, Brent crude oil price rose by 0.40% to $60.20 per barrel.

On the other hand, the Sensex dropped 102.20 points or 0.12% to close at 84,961.14, while the Nifty settled at 26,140.75 losing 37.95 points or 0.14%.