Stock Market Today, June 23: Sensex, Nifty Tumble Over 1% as IT Stocks Lead Broad-Based Selloff; India VIX Jumps 9%
5paisa Capital Ltd
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Last Updated: 23rd June 2026 - 05:01 pm
Indian markets witnessed a sharp selloff, with the Sensex and Nifty falling 1.16% each as heavy losses in IT stocks such as Infosys, TCS, and Wipro dragged benchmarks lower. Banking stocks also remained under pressure, while pharma names like Cipla and Dr Reddy’s provided limited support. Weak global cues added to the bearish sentiment, with Asian and European markets declining broadly. Meanwhile, rising India VIX signaled increased investor caution and market volatility.
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Stock Market Highlights, June 23
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Domestic Indices End Sharply Lower: Indian benchmarks closed deep in the red, with the Sensex falling 1.16% to 76,200.68 and the Nifty 50 declining 1.16% to 23,824.10. IT stocks led the selloff, with Infosys, TCS, and Wipro among the top losers, while pharma stocks offered limited support.
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Global Cues Weak: Asian markets witnessed broad-based declines, led by a 3.55% plunge in Japan’s Nikkei, while Hang Seng and Shanghai Composite also ended lower. European indices traded firmly in negative territory at mid-session, with the DAX, STOXX 50, and CAC 40 posting notable losses.
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Wall Street Recap: In the previous session, U.S. markets delivered a mixed performance, with the Dow Jones gaining 0.29%, while the NASDAQ dropped 1.32% and the S&P 500 slipped 0.37%. Technology-led weakness weighed on sentiment despite resilience in select blue-chip stocks.
Stay informed with our in-depth look at what’s driving the stock market tomorrow.
Top Gainers
| Company | Gain |
| Cipla | 1.23% |
| Dr Reddys Labs | 0.82% |
| Power Grid Corp | 0.76% |
| Axis Bank | 0.36% |
| Sun Pharma | 0.27% |
Top Losers
| Company | Loss |
| Infosys | -3.39% |
| TCS | -3.21% |
| Adani Enterpris | -3.16% |
| Wipro | -3.16% |
| JSW Steel | -3.13% |
Indian Market Cues
| Index | Value | Change (%) |
|---|---|---|
| Gift Nifty | 23,829.00 | -1.6% |
| Nifty 50 | 23,824.10 | -1.16% |
| Nifty Bank | 57,183.75 | -1.30% |
| SENSEX | 76,200.68 | -1.16% |
India VIX
| Volatility Index | Value | Change (%) |
| India VIX | 13.9425 | 8.59% |
Asian Markets
| Index | Value | Change (%) |
| Nikkei | 69,788 | -3.55% |
| Hang Seng | 23,336 | -1.82% |
| Shanghai Composite | 4,735 | -1.36% |
European Market Mid-Session Update
| Index | Value | Change (%) |
| FTSE 100 | 10,412 | -0.24% |
| DAX | 24,831 | -1.23% |
| CAC 40 | 8,339 | -0.72% |
| STOXX 50 | 6,234 | -1.20% |
U.S. Markets Live Today
| Index | Value | Change (%) |
|---|---|---|
| Dow Jones | 51,712.71 | 0.29% |
| NASDAQ | 26,166.60 | -1.32% |
| S&P 500 | 7,472.79 | -0.37% |
*As of 15:45 IST
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.
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