Sensex Falls Nearly 700 Points In Early Trade, Nifty IT Index Slides 3%

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Last Updated:May 12, 2026, 09:35 IST

Indian markets opened sharply lower as BSE Sensex fell over 680 points and Nifty50 slipped 184, IT and banking stocks led losses while Nifty Metal index edged higher

Indian equity benchmarks opened sharply lower on Tuesday, weighed down by heavy selling in IT and banking stocks. The BSE Sensex plunged over 680 points in early trade to 75,335, while the NSE Nifty50 slipped nearly 184 points to trade around 23,632.

IT Stocks Lead Market Decline

The biggest drag on the market came from the information technology pack. The Nifty IT index cracked nearly 3 per cent in opening trade, making it the worst-performing sectoral index. Shares of major IT companies such as Tata Consultancy Services, Infosys and HCL Technologies fell up to 3.3 per cent in early deals.

Broader Markets Also Under Pressure

Selling pressure was visible across broader markets as well. The Nifty Smallcap 100 index declined 1.38 per cent, while the Nifty Midcap 100 index slipped nearly 1 per cent during the opening session. India VIX, the fear gauge of the market, rose to 18.64, indicating heightened volatility among investors.

Banking And Realty Shares Slip

Banking counters also traded in the red, with Nifty Bank falling around 0.7 per cent. Private lenders including HDFC Bank and ICICI Bank were among the major laggards. Realty and media stocks too witnessed sharp declines in early trade.

Meanwhile, metal stocks showed some resilience, with the Nifty Metal index trading marginally higher despite the broader market weakness.

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First Published:

May 12, 2026, 09:35 IST

News business markets Sensex Falls Nearly 700 Points In Early Trade, Nifty IT Index Slides 3%

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