Indian equity markets extended their losses on Tuesday, June 23, as global risk aversion and a sharp retreat in technology stocks weighed heavily on domestic sentiment.
The Nifty 50 fell 1.16%, marking its steepest decline in nearly four weeks, while the benchmark Sensex slid more than 520 points.
The sell-off was broad-based, with all sectoral indices posting losses, though the information technology segment bore the brunt of the selling pressure.
The downturn follows a similar session on Monday, when shares of India’s largest IT firms, including Infosys, Tata Consultancy Services (TCS), Wipro, and HCL Technologies, fell sharply with declines reaching up to 3% across the sector.
The continued weakness in these heavyweight names dragged down the broader market, as investors reacted to deteriorating conditions in global tech markets.
Vedanta and Hindustan Zinc also featured among the top losers, reflecting the pervasive risk-off mood that extended beyond the technology sector.