Archive · 23 Sep 2026
Sensex, Nifty Fall Despite Global Gains as IT Stocks Weaken
India’s two main stock-market indexes fell on Tuesday.
The Sensex and Nifty both ended lower.
Technology, financial, capital goods and consumer-related shares were among those that declined.
Several large companies, including Bajaj Finserv and Tata Consultancy Services, were major laggards.
Some shares, such as Eternal, InterGlobe Aviation, Titan and Tata Steel, gained.
Markets in Asia, Europe and the United States were generally positive.
Lower oil prices and softer bond yields provided support for markets around the world.
However, weak domestic sentiment and selling by investors kept Indian shares under pressure.
Reports gave different figures for Brent crude, listing both $98.66 and $198.66 per barrel.
The BSE Sensex fell 329.91 points, or 0.44%, to 74,529.08, after dropping as much as 435.28 points during the session.
The NSE Nifty declined 85.30 points, or 0.36%, to 23,329, ending a four-day rally.
IT, financial, capital goods and consumer-related stocks faced broad-based selling.
Bajaj Finserv, Trent, Bajaj Finance, Sun Pharma, Tata Consultancy Services and UltraTech Cement were among the major laggards.
Foreign Institutional Investors sold equities worth Rs 576.20 crore on Monday, while global markets were generally positive.
- Who
- Indian equity benchmarks Sensex and Nifty, domestic investors, and Foreign Institutional Investors.
- What
- The Sensex and Nifty declined as IT, financial, capital goods and consumer-related stocks weakened.
- When
- Tuesday; Foreign Institutional Investor selling was reported for Monday.
- Where
- Indian stock exchanges, against a broadly positive global-market backdrop.
- Why
- Broad-based domestic selling, weak sentiment, profit-taking and continued Foreign Institutional Investor selling outweighed positive global cues and easing crude prices.
Domestic Pressure
Global Support
Market direction
Domestic Pressure
Broad-based selling in IT, financials, capital goods and consumer-related stocks pulled the Indian benchmarks lower.
Global Support
Positive global markets, falling crude prices and softer global bond yields created a supportive external backdrop.
Reasons for selling
Domestic Pressure
Weak domestic sentiment, profit-taking, an uncertain geopolitical backdrop and Foreign Institutional Investor selling weighed on equities.
Global Support
Indian markets opened against a more favorable international backdrop, with Asian, European and US markets showing gains, but those conditions did not translate into a rise.
- Sensex close
- 74,529.08, down 329.91 points or 0.44%
- Sensex intraday low
- 74,423.71, after falling 435.28 points or 0.58%
- Nifty close
- 23,329, down 85.30 points or 0.36%; its four-day rally ended
- Leading weak sectors
- IT, financials, capital goods, consumer goods, housing finance, FMCG and industrials
- Major laggards
- Bajaj Finserv, Trent, Bajaj Finance, State Bank of India, Sun Pharma, Tata Consultancy Services and UltraTech Cement
- Stocks that gained
- Eternal, InterGlobe Aviation, Titan and Tata Steel
- FII activity
- Foreign Institutional Investors sold equities worth Rs 576.20 crore on Monday
- Brent crude discrepancy
- One report cites Brent crude at $98.66 per barrel, while another states $198.66 per barrel
