Sensex ends lower on foreign fund outflows, selling in blue-chips

Market Overview - Equity benchmark indices Sensex and Nifty ended lower, with Sensex dropping 250.48 points (0.30%) to 83,627.69 and Nifty declining by 57.95 points (0.22%) to 25,732.30, amid foreign fund outflows and global tariff concerns [1][3] - The market sentiment was sluggish due to a weak start to the earnings season, with the Sensex experiencing a decline of 615.38 points (0.73%) during the day [3] Company Performance - TCS, the largest IT services exporter in the country, reported a 13.91% drop in December quarter profit to Rs 10,657 crore, primarily due to a one-time impact of new labour codes [6] - Among the 30-Sensex firms, major laggards included Trent, Larsen & Toubro, Reliance Industries, InterGlobe Aviation, Maruti, ITC, Adani Ports, and Bharat Electronics, while gainers included Eternal, ICICI Bank, Tech Mahindra, State Bank of India, and Tata Consultancy Services [4] Foreign Investment Activity - Foreign institutional investors sold equities worth Rs 3,638.40 crore, while Domestic Institutional Investors (DIIs) purchased stocks worth Rs 5,839.32 crore [7] Global Economic Impact - US President Donald Trump announced a 25% tariff on any country doing business with Iran, which could affect major trading partners like India, China, and the UAE [7][8] - The initial optimism in Indian equity markets was tempered by global tariff-related concerns and mixed reactions to Q3 earnings [9]