{"id":4125,"date":"2026-06-06T06:58:26","date_gmt":"2026-06-06T06:58:26","guid":{"rendered":"https:\/\/www.jagmarg.com\/news\/?p=4125"},"modified":"2026-06-06T06:58:26","modified_gmt":"2026-06-06T06:58:26","slug":"sensex-falls-by-700-points-nifty-also-slips-selling-pressure-on-it-stocks","status":"publish","type":"post","link":"https:\/\/www.jagmarg.com\/news\/sensex-falls-by-700-points-nifty-also-slips-selling-pressure-on-it-stocks\/","title":{"rendered":"Sensex falls by 700 points; Nifty also slips, selling pressure on IT stocks"},"content":{"rendered":"<p><span dir=\"auto\">Mumbai: The Indian stock market opened on a weak note on Wednesday. Growing global uncertainty, rising crude oil prices, and continued selling by foreign investors led investors to a cautious stance. The BSE Sensex fell 699.74 points to 73,959.48 in early trade, while the NSE Nifty fell 177.40 points to 23,302.50. IT and technology stocks were the most under pressure. Uncertainty surrounding the US-Iran talks is believed to be a major reason for the decline. Investors are closely monitoring global geopolitical developments. Analysts say any uncertainty related to West Asia directly impacts the energy market and investors&#8217; risk appetite. Consequently, a cautious tone prevails in global markets.\u00a0<\/span><\/p>\n<p><span dir=\"auto\">The recent rise in crude oil prices in the international market has also increased investors&#8217; concerns. India imports a large part of its energy needs, hence the rise in oil prices impacts market sentiment. Higher oil prices can affect inflation and import bills. This is why investors react cautiously to any major fluctuations in the energy market. Among the 30 major companies in the Sensex, IT sector stocks recorded the biggest decline. Shares of Tata Consultancy Services, Tech Mahindra, Infosys and HCL Tech remained under pressure in early trading. According to market experts, after the rise in IT stocks in the last few trading sessions, investors preferred profit booking. This impact was visible on the performance of the entire technology sector.<\/span><\/p>\n<p><span dir=\"auto\">While IT stocks remained weak, buying was seen in select companies. Maruti, Adani Ports, Asian Paints, and Bharti Airtel were among the major gainers in early trading. Investor interest in these companies somewhat offset the broader market decline, although major indices remained under pressure.<\/span><\/p>\n<p><span dir=\"auto\">According to the available data of the stock market, foreign institutional investors (FIIs) are continuously selling. On Tuesday, foreign investors had made net sales of shares worth Rs 8,362.92 crore. The effect of withdrawal of foreign investors is clearly visible on the market sentiment. When the outflow of foreign capital increases, there is additional pressure on the domestic markets. Asian markets witnessed a mixed trend on Wednesday. Japan&#8217;s Nikkei 225 and China&#8217;s SSE Composite were trading in the green, while Hong Kong&#8217;s Hang Seng remained under pressure. On the other hand, the US markets had closed with strength on Tuesday. Despite this, the domestic markets witnessed weakness due to local and global factors.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The Indian stock market opened on a weak note on Wednesday. Growing global uncertainty, rising crude oil prices, and continued selling by foreign investors led investors to a cautious stance. The BSE Sensex fell 699.74 points to 73,959.48 in early trade, while the NSE Nifty fell 177.40 points to 23,302.50. IT and technology stocks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/posts\/4125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/comments?post=4125"}],"version-history":[{"count":1,"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/posts\/4125\/revisions"}],"predecessor-version":[{"id":4127,"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/posts\/4125\/revisions\/4127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/media\/4126"}],"wp:attachment":[{"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/media?parent=4125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/categories?post=4125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jagmarg.com\/news\/wp-json\/wp\/v2\/tags?post=4125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}