FX.co ★ Indian Stocks Fall for 4th Day

India's BSE Sensex ended Monday's trading session with a decline of approximately 0.4%, settling at 84,695.5. This marks the fourth consecutive session of downturns, primarily driven by ongoing profit-taking activities, persistent foreign outflows, and reduced trading volumes typical of the year-end period. Throughout this year, foreign portfolio investors have withdrawn around 1.6 trillion rupees from Indian stocks, setting a new record for annual outflows. Investors are also closely monitoring ongoing diplomatic efforts to resolve the conflict in Ukraine. Among the stocks, Adani Ports experienced significant declines, dropping over 2%. Other notable losers included HCL Technologies, Power Grid, Trent, and Bharti Airtel. Conversely, Tata Steel (+1.7%) and Asian Paints (+1%) were the session's top performers.