Sensex, Nifty slip into red by midday amid FII outflows

Market Performance - Equity benchmarks experienced a decline, with the BSE Sensex down 239.66 points, or 0.28 percent, at ₹84,440.20, and the NSE Nifty 50 falling 76.85 points, or 0.30 percent, to 25,783.25 by midday [1] - The Sensex opened higher at ₹84,856.26 but lost momentum, while the Nifty opened at 25,902.40, reflecting a cautious market sentiment due to mixed global cues and foreign institutional investor outflows [2] Market Breadth - The market breadth was weak, with 2,501 stocks declining against 1,424 advancing on the BSE, and 139 stocks hitting 52-week lows compared to 80 reaching 52-week highs [3] Sector Performance - Broader indices underperformed, with the Nifty Midcap 100 down 0.49 percent at 59,420.50 and the Nifty Smallcap 100 falling 0.58 percent to 17,165.10 [6] - Sectoral indices also traded lower, including the Nifty Financial Services down 0.63 percent, Nifty Bank down 0.31 percent, and Nifty Next 50 losing 0.36 percent [6] Individual Stock Performance - Shriram Finance led the gains on the Nifty 50, rising 1.43 percent to ₹860.55, followed by State Bank of India up 1.33 percent and Eicher Motors climbing 1.32 percent [4] - Max Healthcare topped the losers' list, dropping 3.42 percent to ₹1,036.30, with other notable declines from SBI Life Insurance, HDFC Life, and Apollo Hospitals [5] Investor Sentiment - Market participants remained cautious due to uncertainty around the US interest rate trajectory and delays in India-US trade talks, although domestic inflows from systematic investment plans provided some support [7]