Sensex Falls 249 Points, Nifty Below 23,900
Indian equity benchmarks ended lower on Tuesday, with the Sensex falling nearly 250 points and the Nifty closing below 23,900. The decline came amid selling pressure in select sectors, weakness in IT stocks and cautious investor sentiment on Dalal Street.
Sensex Falls 249 Points
The BSE Sensex declined 249.70 points to settle at 76,478.67. The index remained under pressure through the session as investors booked profits after recent gains.
Market sentiment was also affected by uncertainty around global interest rates and foreign fund flows. Traders remained cautious ahead of key global and domestic cues, while broader participation stayed selective.
Nifty Closes Below 23,900
The NSE Nifty fell 80.50 points to close at 23,865.75. The index slipped below the 23,900 level as selling emerged in heavyweight counters.
IT stocks were among the major drags on the market, reflecting concerns over prolonged high interest rates in the United States and demand uncertainty for technology companies. Financial and banking stocks showed relative resilience but were not enough to lift the benchmarks.
Stock Market Monthly Performance
Despite Tuesday’s decline, Indian markets ended June with gains. The Nifty and Sensex remained supported during the month by lower crude oil prices, improved domestic liquidity conditions and policy measures aimed at supporting financial stability.
Market participants are now expected to track global interest rate signals, foreign investor activity, crude oil movement and corporate earnings updates. Analysts said volatility may continue in the near term as investors assess valuations after the recent rally.
