MUMBAI: Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict.
The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities.
The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22, 331.40. Similarly, the Sensex dropped 2.22 per cent, or 1, 635.67 points, ending the session at 71, 947.55.
Commenting on Nifty technical outlook, experts said that from a technical standpoint, the close below the crucial 22, 500 support zone is significant and signals a continuation of the broader downtrend.
“On the upside, the 22, 500–22, 600 zone now acts as immediate resistance, where the index has faced repeated selling pressure, ” an analyst stated.
Selling pressure was clearly visible in financial stocks, with Bajaj Finance, Shriram Finance, and State Bank of India emerging as the top losers on the Nifty index.