Sensex Sheds 207 Points, Nifty Slips to 23,299

Mumbai: The Indian equity benchmarks extended their losing streak into a fifth consecutive trading session on Tuesday, June 2, 2026, as persistent macroeconomic pressures continued to damp investor sentiment.

By midday trade, the 30-share BSE Sensex fell 207.41 points (0.28%) to hover around 74,059.93, recovering marginally from an early morning low of 73,815.12. Concurrently, the broader 50-share NSE Nifty 50 dropped 82.80 points (0.35%) to trade at 23,299.80, slipping firmly below the critical 23,400 psychological support mark.

Market analysts attributed the ongoing market slide to three converging global and domestic factors: Escalating Geopolitical Tensions: Renewed diplomatic roadblocks in U.S.–Iran peace negotiations triggered fresh risk aversion across global markets.

Surging Energy Costs: Driven by West Asia uncertainties, Brent crude prices surged past $95.30 per barrel, renewing worries of imported inflation and putting pressure on the Indian rupee, which hovered close to the 95-mark against the U.S. dollar.

Aggressive FII Outflows: Foreign Institutional Investors (FIIs) sustained their heavy selling bias, offloading equities worth over Rs 3,911 crore in the preceding session alone. A below-normal monsoon forecast by weather agencies further added to the cautious domestic outlook.