Foreign fund outflows, profit booking pull equity markets lower (Intro Roundup)

Mumbai, Jan 25 : Foreign fund outflows, along with profit booking, pulled the Indian benchmark equity indices lower for the third straight session on Monday.
Investors were seen cautious ahead of monthly F&O expiry as well as pre-budget speculations, while hefty allocation towards IPOs’ subscription took away some funds from the market.
Notably, the FIIs were net sellers to the tune of Rs 765.30 crore in BSE, NSE and MSEI in the capital market segment.
Consequently, the S&P BSE Sensex fell 530.95 points, or 1.09 per cent, to close at 48,347.59 from its previous close.
The Nifty50 on the National Stock Exchange closed at 14,238.90, lower by 133 points, or 0.93 per cent, from its previous close.
Globally, Asian shares closed on a mixed note in Monday’s trade amid some hopes for recovering economies slammed by the pandemic, as market attention turned to upcoming company earnings.