Equity markets in India continued their downward trend for the sixth consecutive day as the 30-share BSE Sensex dropped 502.5 points to 63,546.56, while the Nifty fell 159.55 points to 18,962.60. The decline is attributed to weak global trends and fresh foreign fund outflows. Negative sentiments persist globally due to economic and geopolitical concerns, with the Israel-Hamas conflict adding to market uncertainties. Tech Mahindra reported a 61% decline in quarterly net profit, contributing to the market’s bearish sentiment. Foreign Institutional Investors offloaded equities worth Rs 4,236.60 crore, reflecting increased risk aversion.
Global Weakness and Foreign Fund Outflows Drive 6th Consecutive Day of Market Decline
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