Sensex Tumbles 900 Points, Nifty Closes Below 23,900 Amid Sell-Off in IT Stocks
Infosys, TCS and Wipro led the decline as the rupee weakened 11 paise against the US dollar, analysts said.
- On Tuesday, June 23, 2026, the BSE Sensex tumbled 893.39 points, or 1.16 per cent, to 76,200.68, while the NSE Nifty fell 1.16 per cent to 23,824.10 amid weak global cues.
- Technology stocks led the decline, with Infosys falling about 3.4 per cent, TCS dropping 3.2 per cent, and Wipro slipping 3.1 per cent amid weakness in global markets.
- The rupee declined 11 paise to 94.74 against the US dollar as the Dollar Index strengthened, while the Nifty MidCap index fell 0.88 per cent and the Nifty SmallCap index dropped 0.58 per cent.
- Defensive sectors provided support, as Nifty Pharma and Nifty Healthcare indices outperformed the broader market, though experts noted profit booking following recent rallies added downside pressure.
- Investors remain focused on geopolitical developments and crude oil prices while monitoring the Nifty 50's ability to sustain above 24,100, with Sensex support placed at 75,800 to 76,000.
12 Articles
12 Articles
Why Is The Stock Market Falling Today? Nifty Under 23,900, Sensex Tumbles 900 Points
The weakness in domestic equities mirrored the downturn in global markets, where technology stocks faced heavy selling, dampening investor sentiment and prompting profit booking across key sectors.
Sensex tumbles 900 points, Nifty closes below 23,900 amid sell-off in IT stocks
Benchmark stock indices Sensex and Nifty declined sharply on Tuesday, June 23, 2026, amid weak global cues, with a broad technology-led sell-off weighing on sentiment. The 30-share BSE Sensex tumbled 893.39 points or 1.16 per cent to settle at 76,200.68. During the day, the benchmark hit a high of 77,194.83 and a low of 76,082.51, gyrating 1,112.32 points. The 50-share NSE Nifty tumbled 278.80 points or 1.16 per cent to settle at 23,824.10. The …
Closing Bell: Sensex crashes nearly 900 points, Nifty closes below 23,850; metal, IT stocks lead sell-off
Biggest Nifty losers were Infosys, TCS, Wipro, Adani Enterprises, JSW Steel, while gainers included Cipla, Dr Reddy's Labs, Power Grid Corp, Axis Bank, Sun Pharma. Except pharma and healthcare, all other sectoral indices ended in the red with Information Technology, Metal, Telecom, PSU Bank, Realty down 1-3 percent. The Nifty midcap index was down 1 percent and smallcap index shed 0.5 percent.
Infosys (NSE:INFY) stock drags down Nifty IT, drives about 40% of index’s recent drop
Infosys plunged 3.39% Tuesday, driving 40% of Nifty IT’s 2.23% drop and deepening a sector rout that’s seen the index lose 13% in three weeks; with Infosys making up over 27% of Nifty IT, investors in index funds face heavy exposure as weak demand signals and Accenture’s downbeat outlook weigh on Indian IT stocks ahead of Infosys’ July 23 earnings. The post Infosys (NSE:INFY) stock drags down Nifty IT, drives about 40% of index’s recent drop app…
Sensex tumbles 893 points, Nifty slips below 24,000; Infosys down 3%
Mumbai: Indian equity benchmarks ended sharply lower on Tuesday, with the Sensex plunging 893.39 points and the Nifty slipping below the 24,000 mark as heavy selling in information technology and metal stocks weighed on investor sentiment. The BSE Sensex settled at 76,200.68, down 893.39 points or 1.16%, while the NSE Nifty 50 closed at 23,824, lower by around 278 points or 1.15%. The selloff mirrored weakness across major Asian markets, prompti…
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