Mumbai, September 15, 2026 (Yes Punjab News)
Indian benchmark indices ended sharply lower on Tuesday, with selling pressure intensifying towards the close as rising oil prices weighed on investor sentiment. Heavy losses in metal, realty and chemical stocks dragged the headline indices lower.
The Sensex declined 777.94 points, or 1.04 per cent, to settle at 74,003.82, while the Nifty fell 279.50 points, or 1.19 per cent, to close at 23,118.60.
The Nifty decisively breached the key 23,300 support level and moved closer to the psychological 23,000 mark, market experts said.
“A sustained break below 23,000 could expose the index to further weakness towards 22,800, while 23,300–23,500 is likely to act as the first resistance band on any recovery,” a market expert noted.
The sell-off was broad-based, with several heavyweight stocks ending in negative territory. Bharat Electronics (BEL), Shriram Finance and IndiGo were among the top losers on the Nifty.
Broader markets underperformed the benchmark indices, signalling heightened risk aversion among investors. The Nifty MidCap index declined 2.12 per cent, while the Nifty SmallCap index fell 2.43 per cent.
Sectoral indices were also largely in the red. The Nifty Realty index plunged 4 per cent, making it the worst-performing sectoral index of the session, followed by the Nifty Chemical index.
Information technology stocks, however, bucked the broader trend. The Nifty IT index was the only sectoral index to finish in positive territory, gaining around 2 per cent.
Meanwhile, the Bank Nifty slipped below the 56,000 level, shifting focus towards the next support near 55,500.
“The index now faces resistance in the 56,000–56,500 region,” market watchers said.
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