Sensex sheds 346 pts on foreign fund outflows

Market Performance - The BSE Sensex declined by 345.91 points or 0.41% to close at 84,695.54, marking its fourth consecutive day of decline [3] - The NSE Nifty fell by 100.20 points or 0.38% to settle at 25,942.10, also registering its third day of decline [3] Sector Performance - Major laggards included Adani Ports, HCL Tech, Power Grid, Trent, Bharat Electronics, and Bharti Airtel [4] - Gainers in the market were Tata Steel, Asian Paints, Hindustan Unilever, and Eternal [4] Market Sentiment - Market appears to be lacking catalysts for further upside, with investors in holiday mode, indicating a potential consolidation phase [4] - Market sentiment is influenced by global cues and stock-specific developments, with light trading volumes observed [5] Foreign and Domestic Investment - Foreign Institutional Investors (FIIs) sold equities worth Rs 317.56 crore, while Domestic Institutional Investors (DIIs) purchased stocks worth Rs 1,772.56 crore [6] Global Market Influence - In Asian markets, South Korea's Kospi increased by over 2%, while Japan's Nikkei 225 and Hong Kong's Hang Seng indices ended lower [5] - Brent crude oil prices rose by 1.70% to USD 61.67 per barrel [6]