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 broader market performed in tandem with the benchmarks. While the BSE MidCap Select Index fell 0.99 per cent, the BSE SmallCap Select Index dropped 0.50 per cent each.ย
According to experts, profit booking after the recent rally further intensified downside pressure, resulting in broad-based weakness across key sectors.ย
“The overall market bias has turned cautiously negative in the short term following today’s sharp correction. As long as Sensex holds above the 75,800โ76,000 support zone, the broader structure remains stable, and a pullback cannot be ruled out. On the upside, immediate resistance is placed around 77,100โ77,300, where fresh selling pressure may emerge. Traders should remain stock-specific and watch for stability near key support levels before adopting aggressive long positions,” Hitesh Tailor, Technical Research Analyst at Choice Equity Broking Private Limited.
Top losers today
IT companies contributed the most to today’s decline. Infosys, TCS and Wipro were among the top losers on Nifty. Infosys fell by about 3.4 per cent, TCS by 3.2 per cent and Wipro by 3.1 per cent. Apart from this, heavy selling was also seen in HCL Tech and Tech Mahindra. The pressure on IT companies is believed to stem from increased concern about the tech sector in global markets and selling by foreign investors.ย ย
Meanwhile, the rupee declined 11 paise to close at 94.74 (provisional) against the US dollar on Tuesday, weighed down by a firm greenback and weak domestic markets.
“Rupee traded weaker by around 15 paise or 0.15 per cent near 94.76, as the Dollar Index strengthened above USD 101, putting pressure on emerging market currencies. Global uncertainty and weakness across capital markets also weighed on sentiment, leading to continued demand for the dollar,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)