<h1>Sensex and Nifty dip as foreign fund outflows and weak corporate earnings weigh on investor sentiment.</h1> Benchmark indices Sensex and Nifty closed slightly lower due to ongoing foreign fund outflows and disappointing corporate earnings, impacting investor sentiment. The Sensex fell 29.47 points to 75,967.39, while the Nifty dropped 14.20 points to 22,945.30. Major laggards included IndusInd Bank, Mahindra & Mahindra, and UltraTech Cement, while NTPC and Zomato were among the gainers. The BSE smallcap and midcap indices also declined. Concerns over foreign institutional investor outflows and a widening trade deficit due to currency depreciation contributed to market pressure. Global markets showed mixed results, with US markets closed for President's Day.