Sensex tumbles 1,092 points as stock markets decline for third day
The Sensex index fell by 1,092 points, marking its third consecutive day of decline. This drop was influenced by concerns over below-normal monsoon rainfall and geopolitical uncertainties. Despite some gains in specific sectors, overall market sentiment remained negative due to these factors.
- ▪The BSE Sensex closed at 74,775.74 after a drop of 1,092.06 points.
- ▪The India Meteorological Department forecasted monsoon rainfall to be 90% of the long-period average.
- ▪Geopolitical uncertainties surrounding the U.S.-Iran ceasefire arrangement contributed to investor caution.
Opening excerpt (first ~120 words) tap to expand
Benchmark stock index Sensex tumbled 1,092 points and Nifty closed below 24,550 on Friday (May 29, 2026) amid reports of a below-normal monsoon season rainfall and geopolitical uncertainty related to the U.S.-Iran ceasefire arrangement.Dragged by a late-minute selling rush, the 30-share BSE Sensex tumbled 1,092.06 points, or 1.44%, to settle at 74,775.74. During the day, it dropped 1,278.69 points, or 1.68%, to 74,589.11. Stock markets climb in early trade amid drop in oil pricesFalling for the third consecutive session, the 50-share NSE Nifty dived 359.40 points, or 1.50%, to end at 23,547.75.Among 30 Sensex firms, Power Grid, InterGlobe Aviation, NTPC, Mahindra & Mahindra, Tata Steel and Bajaj Finance were the major laggards.Tech Mahindra, HCL Tech, Larsen & Toubro and Infosys were the…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
