Stock market today: Nifty50 ends below 25,150; BSE Sensex closes almost 300 points down

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, ended in red on Tuesday following negative trends in Asian and European markets alongside foreign fund outflows.The NSE Nifty decreased by 81.85 points or 0.32 per cent to 25,145.50. The BSE Sensex fell by 297.07 points or 0.36 per cent, closing at 82,029.98, after experiencing a drop of 545.43 points during trading hours.Among Sensex constituents, Bajaj Finance, Bharat Electronics, Tata Steel, Tata Consultancy Services, NTPC, Trent, Asian Paints and Axis Bank were the primary decliners. Tech Mahindra, ICICI Bank, Power Grid, Hindustan Unilever and Reliance Industries showed gains."Equity markets saw broad-based profit-booking amid a lack of fresh domestic triggers, as weak cues from Asian and European peers dampened investor sentiment. Renewed US–China trade tensions reignited risk aversion, prompting a shift toward safe-haven assets such as gold and US Treasury bonds, while equities came under pressure on concerns of escalating global trade uncertainty," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.Asian markets ended lower, including South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite Index and Hong Kong's Hang Seng. European markets traded lower, while US markets closed higher on Monday.Brent crude, the global oil benchmark, decreased 1.82 per cent to USD 62.17 per barrel. Foreign Institutional Investors (FIIs) sold equities worth Rs 240.10 crore on Monday, as per exchange data.The previous session saw Sensex decline by 173.77 points or 0.21 per cent to 82,327.05, ending its two-day upward movement. Nifty also fell by 58 points or 0.23 per cent to 25,227.35.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)