Benchmark stock index Sensex tumbled 1,092 points and Nifty closed below 24,550 on Friday (May 29, 2026) amid reports of a below-normal monsoon season rainfall and geopolitical uncertainty related to the U.S.-Iran ceasefire arrangement.

Dragged by a late-minute selling rush, the 30-share BSE Sensex tumbled 1,092.06 points, or 1.44%, to settle at 74,775.74. During the day, it dropped 1,278.69 points, or 1.68%, to 74,589.11.

Falling for the third consecutive session, the 50-share NSE Nifty dived 359.40 points, or 1.50%, to end at 23,547.75.

Among 30 Sensex firms, Power Grid, InterGlobe Aviation, NTPC, Mahindra & Mahindra, Tata Steel and Bajaj Finance were the major laggards.

Tech Mahindra, HCL Tech, Larsen & Toubro and Infosys were the gainers.

The June-September southwest monsoon rainfall over India is expected to be 90% of the long-period average with a model error of 4%, the India Meteorological Department (IMD) said on Friday (May 29, 2026).

While the northeast is likely to witness normal rainfall this monsoon season, the remaining parts of the country may see below normal rainfall, the weather office said. LPA refers to the rainfall recorded over a particular region for a given interval, such as a month or season, averaged over a long period of time, typically 30 to 50 years.

“The market witnessed broad-based selling pressure following the IMD’s monsoon forecasts to 90 per cent of the long-period average, raising concerns among investors. The prospect of deficient rainfall, coupled with the increasing likelihood of an El Niño weather pattern, has heightened fears of elevated food inflation in the coming month,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

However, the downside risk appears partially mitigated by the recent moderation in crude oil prices and bond yields, he said.

Brent crude, the global oil benchmark, dropped 1.52% to $92.29 per barrel.

“Geopolitical uncertainty also continued to weigh on investor confidence. Although initial optimism emerged around a possible extension of the US-Iran ceasefire arrangement, the absence of formal confirmation from Washington kept global institutional investors cautious ahead of the weekend, limiting aggressive risk-taking across equities,” Hariprasad K., Research Analyst and Founder, Livelong Wealth, said.

In Asian markets, South Korea’s benchmark Kospi, Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index ended higher, while Shanghai’s SSE Composite index settled lower.

Markets in Europe were trading in positive territory. U.S. markets ended higher on Thursday (May 28, 2026).

Stock markets were closed on Thursday (May 28, 2026) for Eid-ul-Azha.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,042.70 crore on Wednesday (May 27, 2026), according to exchange data.

On Wednesday (May 27, 2026), the Sensex declined 141.90 points, or 0.19%, to settle at 75,867.80. The Nifty skidded 6.55 points, or 0.03%, to end at 23,907.15.

Published – May 29, 2026 04:43 pm IST

Image used for representational purpose.
| Photo Credit: Reuters

Benchmark equity indices Sensex and Nifty crashed 1.6% on Monday (January 6, 2025) due to an across-the-board selloff, as concerns over third-quarter earnings growth and the continued flight of foreign capital sapped risk appetite.

Besides, traders said that the new HMP virus scare, depreciating rupee and weak trend in Asian markets further weighed on sentiment.

Extending losses, the 30-share BSE benchmark Sensex tanked 1,258.12 points or 1.59% to close below the 78,000 level at 77,964.99. During the day, it plunged 1,441.49 points or 1.81% to 77,781.62.

The NSE Nifty slumped 388.70 points or 1.62% to 23,616.05.

From the 30-share blue-chip pack, Tata Steel, NTPC, Kotak Mahindra Bank, IndusInd Bank, Power Grid, Zomato, Adani Ports, Asian Paints, Mahindra & Mahindra and Reliance Industries were among the biggest laggards.

Titan and Sun Pharma were the only gainers.

“The Indian equity markets are witnessing a sharp decline today, with both Nifty and Bank Nifty slipping below their 200-day moving averages (DMA). The sell-off can be attributed to a rise in Foreign Institutional Investor (FII) selling and concerns surrounding the upcoming Q3 earnings season.

“Additionally, fears related to the new HMPV have added to the bearish sentiment, triggering fresh rounds of selling after the recent counter-trend pullback rally,” Santosh Meena, Head of Research, Swastika Investmart, said.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,227.25 crore on Friday after a day’s breather, according to exchange data.

In Asian markets, Seoul settled higher while Tokyo, Shanghai and Hong Kong ended lower.

European markets were trading on a mixed note. US markets ended in positive territory on Friday.

Global oil benchmark Brent crude dipped 0.25% to $76.32 a barrel.

The BSE benchmark tumbled 720.60 points or 0.90% to close at 79,223.11 on Friday. The Nifty tanked 183.90 points or 0.76% to 24,004.75.

The BSE benchmark Sensex tanked 984.23 points or 1.25% to settle at 77,690.95, extending its previous day’s fall. File. 
| Photo Credit: Reuters

Benchmark indices Sensex and Nifty tumbled more than 1% on Wednesday (November 13, 2024) amid retail inflation soaring to a 14-month high of 6.21% in October and unabated foreign fund outflows.

Muted quarterly earnings, selling in frontline stocks — HDFC Bank, Reliance Industries — along with weak trends in the US and Asian peers also hit markets’ sentiment, traders said.

The BSE benchmark Sensex tanked 984.23 points or 1.25% to settle at 77,690.95, extending its previous day’s fall. During the day, it slumped 1,141.88 points or 1.45% to 77,533.30.

Registering its fifth day of decline, the NSE Nifty tumbled 324.40 points or 1.36% to 23,559.05.

From the 30-share Sensex pack, Mahindra & Mahindra, Tata Steel, Adani Ports, JSW Steel, IndusInd Bank, Reliance Industries, HDFC Bank and Kotak Mahindra Bank were the biggest laggards.

Tata Motors, NTPC, Hindustan Unilever, Asian Paints and Infosys were the gainers.

The latest data showed retail inflation breached the Reserve Bank’s upper tolerance level, soaring to a 14-month high of 6.21% in October, mainly on account of rising food prices.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,024.31 crore on Tuesday, according to exchange data.

In Asian markets, Seoul, Tokyo and Hong Kong settled lower while Shanghai ended in the positive territory.

European markets were trading higher.

The U.S. markets ended in the negative territory on Tuesday.

Global oil benchmark Brent crude climbed 0.93% to $72.56 a barrel.

The BSE benchmark tumbled 820.97 points or 1.03% to settle at 78,675.18 on Tuesday. The Nifty tanked 257.85 points or 1.07% to 23,883.45.

Image used for representative purpose only.
| Photo Credit: PTI

Benchmark BSE Sensex tanked 1,769 points to slide to a three-week low on Thursday (October 3, 2024) as a spiralling conflict in West Asia triggered selling in oil, banking and auto shares, wiping out ₹9.78 lakh crore investor money in a single day.

Falling for the fourth day running, the BSE Sensex tumbled 1,769.19 points or 2.10 per cent to settle at 82,497.10, its lowest closing level since September 11. During the day, it plummeted 1,832.27 points or 2.17% to 82,434.02. As many as 29 Sensex scrips closed in the red while only one stock ended in the green.

Market capitalisation of BSE-listed companies dropped by around ₹9.78 lakh crore to ₹4,65,07,685.08 crore ($5.54 trillion).

Follow Israel-Lebanon conflict LIVE updates on October 3

The NSE Nifty slumped 546.80 points or 2.12% to 25,250.10 with 48 of its constituents ending lower.

Continuous foreign fund outflows and rising crude oil prices dented investors’ sentiment, analysts said.

From the 30 Sensex firms, Larsen & Toubro, Reliance Industries, Axis Bank, Asian Paints, Tata Motors, Bajaj Finance, Maruti, Bajaj Finserv, Kotak Mahindra Bank, Titan, Adani Ports and HDFC Bank were the major laggards.

JSW Steel emerged as the only gainer.

“The domestic market took a sharp downturn following Iran’s launch of ballistic missiles at Israel, sparking fears of retaliation and escalation in the war,” Vinod Nair, Head of Research, Geojit Financial Services said.

“New SEBI regulations for the F&O segment have raised concerns about reduced trading volumes in the broader market. Lastly, with attractive valuations in China, FIIs have redirected their funds, adding pressure on Indian stocks,” Nair added.

The BSE midcap gauge tumbled 2.27% and smallcap index dropped 1.84%.

All indices ended lower. Realty tanked 4.49%, while capital goods (3.18%), auto (2.94%), services (2.87%), industrials (2.75%) and oil & gas (2.52%) were among the major losers.

A total of 2,881 stocks declined while 1,107 advanced and 88 remained unchanged on the BSE.

“Fears of FPIs and FIIs switching to China from Indian equities were prevalent, especially considering the sharp valuations of domestic markets compared to China,” said Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities.

In Asian markets, Hong Kong settled lower while Tokyo ended in the positive territory. Markets in mainland China will be closed for the rest of the week due to the holiday.

European markets were trading mostly lower. The U.S. markets ended marginally higher on Wednesday.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,579.35 crore on Tuesday, according to exchange data.

Global oil benchmark Brent crude climbed 1.37% to $74.91 a barrel.

Equity markets were closed on Wednesday for Mahatma Gandhi Jayanti.