Wow,today was proper bloodbath on stock market . One piece of international news and suddenly everything is red,just like that.
The numbers are pretty bad tbh . On June 3,2026,Sensex just plunged by 816 points which is a 1.09% drop . It even hit an intraday low of 73,833 . And Nifty also fell by 200 points,or 0.86%,settling at a low of 23,280.
And the reason for all this panic selling seems to be the escalating tensions between United States and Iran . Investors are clearly not taking this news lightly and are pulling money out.
But the sector that got hammered the most was technology . The Nifty IT index slumped nearly 4% . That is not a small thing ah.
Big players like Tata Consultancy Services Ltd (TCS) saw a really steep fall of around 6% . And other tech giants like Infosys and HCLTech also dropped by up to 4% . It was just a sea of red for the IT guys.
Few things that are very clear from today's market:
- Sensex and Nifty took big hit mainly due to US-Iran geopolitical fears.
- IT stocks were the worst performers,with major companies seeing huge declines.
- Market volatility is up, with India VIX surging over 8% .
And it wasn't just the big stocks . Other sectors like real estate, financial services, and media also faced a lot of pressure . Even mid-cap and small-cap indices were down by up to 1%,so it was very broad-based decline.
To make things worse,crude oil prices are also rising . Brent crude went up by more than 1% and is trading at $97.16 per barrel . This is just going to create more inflation headache for everyone .
It's strange because other Asian markets had mixed reactions . Japan's Nikkei actually surged around 3% while Hong Kong's Hang Seng and Indonesia's Jakarta Composite were down 2% and 4% respectively . And US market, Wall Street,was mostly flat.
Market experts are worried about what these rising crude prices and geopolitical problems will mean for us in coming days . With no good news coming from the diplomatic talks, it feels like this uncertainty will continue to weigh on our markets…
