Both the indexes fell for the first time in five weeks as BSE Sensex dropped 67.92 points or 0.26 per cent while NSE Nifty shed 3.45 points or 0.04 per cent.
    
Yesterday, in its worst show in four fiscals, Sensex had ended 2015-16 with a yearly plunge of 9.36 per cent, leaving investors poorer by nearly Rs 7 lakh crore as global headwinds and foreign fund outflows pounded domestic equities.
    
Moreover, in the first outflow of overseas funds from Indian capital markets in seven years, foreign investors took out an estimated Rs 18,000 crore during fiscal 2015-16.
    
On the day, massive plunge in Tokyo, resumption in fall of oil prices, investors waiting for US jobs data for more cues and caution ahead of domestic earnings season took a toll on the equities.

"S&P lowering of China's credit outlook or Japan's survey showing worsening business sentiment could be dismissed as country specific issues but with Q4 results impending, investors' caution this week has not been surprising," said Anand James, Chief Market Strategist at Geojit BNP Paribas.

 

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