June 1, 2026 5:29 PM
Geopolitical risks trigger broad selling: FMCG and banking stocks drag indices lower, but IT surges 2.6% against the tide
Benchmark equity indices ended sharply lower on Monday, dragged down by losses in FMCG, PSU banking, auto and realty stocks, even as investors monitored developments surrounding a potential diplomatic breakthrough between the United States and Iran. The Nifty settled at 23,382.60, declining 165.15 points, or 0.7 per cent, while the Sensex fell 508.40 points, or 0.68 per cent, to close at 74,267.34. Commenting on Nifty technical outlook, experts said that the 23,500 level is likely to act as im...