The sensex and nifty were down by around 2.5% each last week. Investors do not see any positive trigger that could stop the slide. Foreign funds have been the largest sellers in the Indian market so far this year with the net outflow already over Rs 1 lakh crore, data from NSDL and BSE showed. The ongoing tariff war that was started by US President Donald Trump after assuming office on Jan 21, is yet to take a definite shape. Till there is some stability or certainty relating to US’s trade relations with its other major trading partners, investors will remain cautious and prefer to avoid ‘risk on’ trades, market players said. The Sensex ended at 75,939 points, the nifty ended at 22,929 points on Friday, while the S&P BSE Sensex closed at 33,938 points on Thursday, according to BSE data. The Nifty ended at 23,300 points, down from 23,350 points on the previous day.
