06 March,2026 10:06 AM IST | Mumbai | mid-day online correspondent
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Amid the escalating global tensions, stock market benchmark indices Sensex and Nifty tumbled in early trade on Friday. The bear run in the stock market continues after a day's breather amid persistent geopolitical conflict in the Middle East and relentless foreign fund outflows.
As reported by PTI, weakness in US equities and a subdued trend in Asian markets also dampened sentiments.
The 30-share BSE Sensex tumbled 572.43 points to 79,443.47 in early trade, whereas the 50-share NSE Nifty dropped 178.75 points to 24,587.15.
From the Sensex pack, ICICI Bank, InterGlobe Aviation, Larsen & Toubro, HDFC Bank, UltraTech Cement and Tata Steel were among the major laggards.
HCL Technologies, Tech Mahindra, Infosys, Tata Consultancy Services and Bharat Electronics were among the gainers.
Along with the stock market, Brent crude, the global oil benchmark, dropped 1.17 per cent to USD 84.41 per barrel.
Along with the Indian stock market indices, Asian markets and South Korea's Kospi also traded over 1 per cent lower. Japan's Nikkei 225, Shanghai's SSE Composite Index and Hong Kong's Hang Seng Index were quoting higher, as per PTI.
Ponmudi R., CEO of Enrich Money, said, "Persistent geopolitical tensions in the Middle East continue to keep crude oil prices elevated, heightening concerns over renewed global inflationary pressures and the possibility of tighter monetary policy conditions ahead.
"As a result, global investor sentiment remains cautious, with market participants expected to maintain a measured and risk-averse stance in the near term," as per PTI.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,752.52 crore on Thursday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 5,153.37 crore, according to exchange data.
On Thursday, the Sensex rebounded 899.71 points or 1.14 per cent to settle at 80,015.90, snapping its four-day decline. The Nifty climbed 285.40 points or 1.17 per cent to end at 24,765.90, ending its three-day falling streak.
(With inputs from PTI)
