Sensex plunges 650 pts today and Nifty below 22,750

Key factors weighing on market sentiment: 1) Weak Q3 earnings: Investor sentiment remains subdued as corporate earnings fail to meet expectations. Earnings growth in the third quarter has been modest at around 7 percent, raising concerns over high valuations. 2) Rupee depreciation: The Indian rupee depreciated by 5 paise to 86.76 against the US dollar on Monday, weighed down by foreign fund outflows and weak domestic equities. The currency is hovering near its all-time low, making imports costlier and adding to inflationary pressures. 3) Global trade concerns: Uncertainty over US trade policy has added to market volatility. Investors are closely tracking US President tariff decisions, which have fuelled concerns over global trade disruptions. 4) Persistent FII selling: FPIs offloaded equities worth Rs 4,294.69 crore on Friday, taking the total outflow in 2025 so far to Rs 99,299 crore, nearing the Rs 1 lakh crore mark, according to depository data. In the first two weeks of February alone, FPIs pulled out Rs 21,272 crore, largely driven by concerns over US tariffs and global economic uncertainties. This followed a net outflow of Rs 78,027 crore in January. In the past eight trading days, the Sensex has tumbled 2,644.6 points or 3.36 per cent, while the Nifty has shed 810 points or 3.41 per cent. 🥴