Stock markets go into tailspin; Sensex, Nifty drop over 1%

admin — Tue, 23 Jun 2026 11:38:00 +0000

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Stock market benchmark indices Sensex and Nifty faced heavy selling pressure on Tuesday (June 23, 2026), dropping over 1%, tracking a bearish trend in global markets along with weakness in HDFC Bank and IT firms.

Fresh foreign fund outflows also led to the weak trading in equities. The 30-share BSE Sensex tanked 893.39 points, or 1.16%, to settle at 76,200.68. During the day, it plunged 1,011.56 points, or 1.31%, to 76,082.51.

The 50-share NSE Nifty dropped 278.80 points, or 1.16%, to end at 23,824.10. Last week, the benchmark indices rallied in four trading sessions out of five. In the previous trading session also, the benchmarks registered gains.

From the 30-Sensex firms, Infosys and Tata Consultancy Services declined over 3% each. Bharat Electronics, Tata Steel, Adani Ports, Eternal, HCL Tech, and State Bank of India were also among the laggrads.

Power Grid, Axis Bank, Sun Pharma, and Maruti Suzuki were the winners. Foreign Institutional Investors (FIIs) offloaded equities worth ₹635.91 crore on Monday (June 22), according to exchange data.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended sharply lower. The Kospi tanked 10%.

European markets were trading in negative territory. “Indian equity markets snapped their recent oil-driven rally and declined sharply alongside global peers as a broad technology-led selloff weighed on sentiment.

“Losses were led by the IT sector, which declined more than 2%, while a weaker rupee and growing expectations of further U.S. monetary tightening added to investor caution and weighed on overall sentiment,” Ponmudi R., CEO of Enrich Money, an online trading and wealth tech firm, said.

Brent crude, the global oil benchmark, declined 0.67% to $77.46 per barrel. On Monday (June 23), the Sensex climbed 291.17 points, or 0.38%, to settle at 77,094.07. The Nifty surged 89.80 points, or 0.37%, to end at 24,102.90.

Published – June 23, 2026 05:08 pm IST

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Stock markets slump amid weak global cues, surging oil prices; Sensex tanks 719 points

admin — Mon, 08 Jun 2026 11:45:00 +0000

Benchmark indices Sensex and Nifty slumped on Monday (June 8, 2026), tracking a sharp decline in global equities and a fresh spike in crude oil prices, amid flaring tensions in West Asia.

Extending losses for the second straight session, the 30-share BSE Sensex tumbled 719.08 points, or 0.97%, to settle at 73,524.26. During the day, it dived 924.4 points, or 1.24%, to 73,318.94.

The 50-share NSE Nifty settled 243.70 points, or 1.04%, lower at 23,123. In intra-day trade, the benchmark lost 296.55 points, or 1.26%, to 23,070.15.

Among the Sensex constituents, Eternal, Mahindra & Mahindra, Trent, InterGlobe Aviation, Reliance Industries and Tata Consultancy Services were among the biggest laggards.

Power Grid, Tech Mahindra, Bharat Electronics, and Bharti Airtel were among the winners. Brent crude, the global oil benchmark, jumped 4.10% to $96.91 per barrel.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index, and Hong Kong’s Hang Seng ended significantly lower. The Kospi plunged 8.29%, while the Nikkei 225 index dropped 3.85%.

Markets in Europe were trading in the negative territory. U.S. markets ended sharply lower on Friday (June 5). The Nasdaq Composite tanked 4.18%, while the S&P 500 dropped 2.64% and the Dow Jones Industrial Average declined 1.35%.

“Global sentiment has weakened amid a flare-up of tensions in West Asia, pushing crude towards $100/bbl. Simultaneously, global technology stocks have witnessed a sell-off, as investors begin to question the sustainability of the AI-led rally. Selling pressure was also seen in semiconductor-heavy indices, showing early signs of valuation fatigue and positioning unwind, although it is premature to classify this as a trend reversal,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth ₹8,776.25 crore on Friday (June 5), according to exchange data.

“Global markets broadly traded in the red after Israel and Iran exchanged missile strikes for the first time since the ceasefire announcement, raising concerns that recent diplomatic progress could quickly unravel.

“The renewed escalation, which came despite calls for restraint from the United States, heightened fears of a prolonged regional conflict and a further disruption to global energy supplies,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.

At the same time, signs of fatigue in the global AI and technology rally added to investor caution, he added. On Friday (June 5), the Sensex declined 116.67 points, or 0.16%, to settle at 74,243.34. The Nifty dipped 49.85 points, or 0.21%, to end at 23,366.70.

Published – June 08, 2026 05:15 pm IST

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Stock markets go into tailspin; Sensex, Nifty drop over 1%

Stock markets slump amid weak global cues, surging oil prices; Sensex tanks 719 points