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Nifty ends sharply lower on Thursday

23 Jun 2026 Evaluate

Indian equity benchmark -- Nifty ended sharply lower with cut of over a percent on Tuesday amid negative global cues. Index made a flat-to-negative start tracking weak cues from other Asian markets and foreign fund outflow. As per NSE data, foreign institutional investors offloaded equities worth Rs 635.91 crore on Monday. But soon index entered into green terrain and continued its narrow range trade near neutral line during late morning session. However, in second half of the session, market wiped out all gains and witnessed sharp selloff across the sectors led by Metal and IT stocks. Concerns came with the Ministry of Commerce & Industry’s data showing that eight key infrastructure sectors’ output growth slowed to a seven-month low of 0.5% in May 2026 due to a fall in output of coal, crude oil and refinery products. Besides, traders avoided risky bids ahead if weekly F&O expiry. Afterwards, Nifty extended its losses and ended deeply in red.

Most of the sectorial indices ended in red except Pharma stocks. The top gainers from the F&O segment were Laurus Labs, Aurobindo Pharma and Info Edge (India). On the other hand, the top losers were Vedanta, National Aluminium Company and Hindustan Zinc. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

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