{"id":15316,"date":"2026-06-24T00:49:37","date_gmt":"2026-06-24T00:49:37","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/finance\/nifty-sensex-fall-global-selloff-2026-06-24\/"},"modified":"2026-06-24T00:51:01","modified_gmt":"2026-06-24T00:51:01","slug":"nifty-sensex-fall-global-selloff-2026-06-24","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/nifty-sensex-fall-global-selloff-2026-06-24\/","title":{"rendered":"Nifty, Sensex fall 1.2% as global tech rout hits sentiment"},"content":{"rendered":"
\"Indian<\/figure>\n\n\n

Indian equities logged their sharpest single-day decline in nearly a month on Tuesday, with the Nifty 50<\/strong> dropping 1.2% to 23,824.10<\/strong> and the Sensex<\/strong> falling 1.2% to 76,200.68<\/strong>, as a global technology-led selloff and renewed US Federal Reserve rate concerns weighed on risk appetite.<\/p>\n\n\n\n

Market overview<\/h2>\n\n\n\n
Index<\/strong><\/th>24 Jun Close<\/strong><\/th>Move & % Change<\/strong><\/th>Comments<\/strong><\/th><\/tr><\/thead>
Nifty 50<\/strong><\/td>23,824.10<\/td>-278.80 pts (-1.2%)<\/td>Steepest one-day fall in nearly a month.<\/td><\/tr>
BSE Sensex<\/strong><\/td>76,200.68<\/td>-893.39 pts (-1.2%)<\/td>Tracked weakness in global tech-heavy markets.<\/td><\/tr>
Bank Nifty<\/strong><\/td>approx.<\/td>-1.3%<\/td>Banking stocks declined, PSU banks under pressure.<\/td><\/tr>
Nifty Midcap 150<\/strong><\/td>approx.<\/td>-1.0%<\/td>Paused after recent weekly gains.<\/td><\/tr>
Nifty Smallcap 250<\/strong><\/td>approx.<\/td>-0.6%<\/td>Mild decline after strong recent performance.<\/td><\/tr>
India VIX<\/strong><\/td>13.9<\/td>+8.6%<\/td>Volatility rose, signalling higher near-term risk.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Note: figures are approximate; final exchange data not available at time of publication.<\/p>\n\n\n\n

    \n
  • Indian benchmarks mirrored a broad selloff across Asian equities.<\/li>\n\n\n\n
  • Weakness in global technology and semiconductor stocks hit sentiment.<\/li>\n\n\n\n
  • Strength in the US dollar on Fed rate fears added pressure.<\/li>\n\n\n\n
  • Profit-taking emerged after recent gains in domestic indices.<\/li>\n\n\n\n
  • Out of 4,447 BSE stocks, 1,497 advanced and 2,790 declined.<\/li>\n<\/ul>\n\n\n\n

    Global cues<\/h2>\n\n\n\n
    Market\/Asset<\/strong><\/th>Movement<\/strong><\/th>Notes<\/strong><\/th><\/tr><\/thead>
    South Korea Kospi<\/strong><\/td>-10.0%<\/td>Circuit breakers triggered after chipmaker-led slide.<\/td><\/tr>
    Japan equities<\/strong><\/td>-3.6%<\/td>Followed US tech-led weakness.<\/td><\/tr>
    China equities<\/strong><\/td>-1.4%<\/td>Declined alongside regional peers.<\/td><\/tr>
    Taiwan equities<\/strong><\/td>-1.4%<\/td>AI-linked stocks under pressure.<\/td><\/tr>
    Hong Kong equities<\/strong><\/td>-1.8%<\/td>Tracked global equity risk-off.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      \n
    • Global selloff followed a Wall Street tech-led decline.<\/li>\n\n\n\n
    • Concerns grew that the AI-driven equity rally had run too far.<\/li>\n\n\n\n
    • South Korea and Taiwan remain Asia’s best performers year-to-date.<\/li>\n\n\n\n
    • Their gains have been driven by AI-linked stocks.<\/li>\n\n\n\n
    • A stronger US dollar reflected expectations of a more hawkish Fed.<\/li>\n<\/ul>\n\n\n\n
        \n
      • “The global sell-off in tech stocks coinciding with the weekly expiry added to the volatility.”<\/li>\n<\/ul>\n\n\n\n

        \u0013 Sriram Velayudhan, Senior Vice-President, IIFL Capital Services.<\/p>\n\n\n\n

        Sectoral action<\/h2>\n\n\n\n
        Sector\/Index<\/strong><\/th>Direction (approx.)<\/strong><\/th>Key Drivers<\/strong><\/th><\/tr><\/thead>
        Nifty Metal<\/strong><\/td>down 3.2%<\/td>Global risk-off and commodity sensitivity.<\/td><\/tr>
        Nifty PSU Bank<\/strong><\/td>down approx. 2%<\/td>Banking stocks sold amid broader weakness.<\/td><\/tr>
        Nifty IT<\/strong><\/td>down approx. 2%<\/td>Impact from global tech correction.<\/td><\/tr>
        Pharma & Healthcare<\/strong><\/td>up \/ flat<\/td>Only sectors to end higher.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • Most sectoral indices closed lower on the NSE.<\/li>\n\n\n\n
        • Metals led declines with a 3.2% fall.<\/li>\n\n\n\n
        • PSU banks and IT each slipped around 2%.<\/li>\n\n\n\n
        • Bank Nifty dropped 1.3%.<\/li>\n\n\n\n
        • Pharma and healthcare indices showed resilience and ended positive.<\/li>\n<\/ul>\n\n\n\n

          Flows and market breadth<\/h2>\n\n\n\n
          Statistic<\/strong><\/th>Value\/Change<\/strong><\/th>Context<\/strong><\/th><\/tr><\/thead>
          FPI flows (day)<\/strong><\/td>\u20b917.9 crore<\/strong> net buy<\/td>Marginal foreign inflows despite global risk-off.<\/td><\/tr>
          DII flows (day)<\/strong><\/td>\u20b9680.2 crore<\/strong> buy<\/td>Domestic institutions provided buying support.<\/td><\/tr>
          FPI flows (June)<\/strong><\/td>\u20b934,272.8 crore<\/strong> sell<\/td>Foreign investors net sellers so far in June.<\/td><\/tr>
          Market breadth (BSE)<\/strong><\/td>1,497 up \/ 2,790 down<\/td>Declines outpaced advances across the board.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            \n
          • Foreign portfolio investors turned small net buyers on the day.<\/li>\n\n\n\n
          • Cumulative June data shows sizeable FPI outflows.<\/li>\n\n\n\n
          • Domestic institutional investors absorbed some selling.<\/li>\n\n\n\n
          • Broader market indices fell but remain higher over the past week.<\/li>\n\n\n\n
          • Nifty Midcap 150 gained 2.2% over the last week despite Tuesday’s drop.<\/li>\n\n\n\n
          • Nifty Smallcap 250 is up 5.7% over the same period.<\/li>\n<\/ul>\n\n\n\n

            Technical outlook on Nifty 50<\/h2>\n\n\n\n
              \n
            • Nifty traded within a 23,800 to 24,240 range during the session.<\/li>\n\n\n\n
            • Analysts are watching 23,800<\/strong> as a key near-term support.<\/li>\n\n\n\n
            • “No major decline is anticipated until it breaches the lower band.”<\/li>\n<\/ul>\n\n\n\n

              \u0013 Vipin Kumar, AVP, derivatives and technical research, Globe Capital Market.<\/p>\n\n\n\n

                \n
              • A break below 23,800 could intensify the selloff.<\/li>\n\n\n\n
              • Derivative data indicates options are slightly oversold.<\/li>\n\n\n\n
              • A rebound toward 24,000<\/strong> is possible if support holds.<\/li>\n\n\n\n
              • “The positional bias remains sideways in the near term.”<\/li>\n<\/ul>\n\n\n\n

                \u0013 Vipin Kumar, Globe Capital Market.<\/p>\n\n\n\n

                FAQs<\/h2>\n\n\n\n

                Q: Why did Indian markets fall despite FPI buying on the day?<\/strong><\/p>\n\n\n\n

                  \n
                • Global tech-led risk-off, a stronger US dollar, and profit-taking outweighed marginal FPI inflows and domestic buying.<\/li>\n<\/ul>\n\n\n\n

                  Q: Which sectors were most affected in this session?<\/strong><\/p>\n\n\n\n

                    \n
                  • Metals, PSU banks, and IT saw the sharpest declines, while pharma and healthcare were the only gainers.<\/li>\n<\/ul>\n\n\n\n

                    Q: What key Nifty level should traders watch now?<\/strong><\/p>\n\n\n\n

                      \n
                    • Traders are tracking support near 23,800; a sustained break below could accelerate selling, while holding may support a move back toward 24,000.<\/li>\n<\/ul>\n\n\n\n

                      Frequently Asked Questions<\/h2>\n\n\n\n

                      Why did Indian markets fall despite FPI buying on the day?<\/h3>\n\n\n\n

                      Global tech-led risk-off, a stronger US dollar, and profit-taking outweighed marginal FPI inflows and domestic institutional buying.<\/p>\n\n\n\n

                      Which sectors were most affected in this session?<\/h3>\n\n\n\n

                      Metals, PSU banks, and IT recorded the steepest declines, while pharma and healthcare were the only sectors to end higher.<\/p>\n\n\n\n

                      What key Nifty level should traders watch now?<\/h3>\n\n\n\n

                      Analysts are watching support near 23,800; a break below could intensify selling, while holding that level may allow a rebound toward 24,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

                      Indian equities logged their sharpest single-day decline in nearly a month on Tuesday, with the Nifty 50 dropping 1.2% to 23,824.10 and the Sensex falling 1.2% to 76,200.68, as a global technology-led selloff and renewed US Federal Reserve rate concerns weighed on risk appetite. Market overview Index 24 Jun Close Move & % Change Comments […]<\/p>\n","protected":false},"author":15,"featured_media":15318,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"Indian equities logged their sharpest single-day decline in nearly a month on Tuesday, with the Nifty 50 dropping 1.2% to 23,824.10 and the Sensex falling 1.2% to 76,200.68, as a global technology-led selloff and renewed US Federal Reserve rate concerns weighed on risk appetite. \"The global sell-off in tech stocks coinciding with the weekly expiry added to the volatility.\". Sriram Velayudhan, Senior Vice-President, IIFL Capital Services. Global tech-led risk-off, a stronger US dollar, and profit-taking outweighed marginal FPI inflows and domestic institutional buying.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"53a78bf1b3018e45f8744a62c493ca83b93e9db5","footnotes":""},"categories":[512],"tags":[],"class_list":["post-15316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"uagb_featured_image_src":{"full":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner-640x640.png",640,640,true],"web-stories-publisher-logo":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-fall-global-selloff-2026-06-24-banner-150x80.png",150,80,true]},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/yudh\/"},"uagb_comment_info":0,"uagb_excerpt":"Indian equities logged their sharpest single-day decline in nearly a month on Tuesday, with the Nifty 50 dropping 1.2% to 23,824.10 and the Sensex falling 1.2% to 76,200.68, as a global technology-led selloff and renewed US Federal Reserve rate concerns weighed on risk appetite. Market overview Index 24 Jun Close Move & % Change Comments…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/15316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=15316"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/15316\/revisions"}],"predecessor-version":[{"id":15319,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/15316\/revisions\/15319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/15318"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=15316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=15316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=15316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}