Sensex falls 243 points, Nifty below 22,750 as high oil prices, FII selling weigh

New Delhi: Equity benchmarks Sensex and Nifty declined for a second consecutive session on Tuesday as elevated crude oil prices, uncertainty over West Asia and persistent foreign fund outflows weighed on sentiment.

The 30-share BSE Sensex closed 242.65 points, or 0.33 percent, lower at 72,529.07, recovering part of its sharper intraday losses. It had fallen 707.72 points, or 0.97 percent, to 72,064 during the session.

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The NSE Nifty slipped 64.05 points, or 0.28 percent, to settle at 22,716.20.

Titan, HCL Tech, Tata Consultancy Services, UltraTech Cement, Hindustan Unilever and Tech Mahindra were among the major Sensex laggards. Adani Ports, Sun Pharma, Tata Steel and Kotak Mahindra Bank advanced.

Brent crude edged down 0.09 percent to USD 105.1 a barrel but remained elevated, keeping concerns over India's import bill and inflation in focus. Foreign institutional investors sold equities worth Rs 5,353.22 crore on Monday, according to exchange data.

"Domestic equities continue to face correction-led headwinds amid volatile crude prices, US Treasury yields hovering near two-decade highs, and persistent FII outflows exerting pressure on the rupee. Adding to the pressure, the unprecedented pace of IPO fundraising is absorbing incremental liquidity. Investor risk appetite remains subdued against a hawkish global backdrop amid rising odds of additional rate hikes later in the year," Vinod Nair, Head of Research, Geojit Investments Ltd, said.

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Asian markets were mostly lower, with South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng declining, while Shanghai’s SSE Composite gained. European markets traded higher. US markets had closed lower on Monday.

The latest decline followed Monday’s sharp selloff, when the Sensex plunged 1,124.02 points, or 1.52 percent, to 72,771.72, its lowest close since March 30, 2026. The Nifty lost 360.25 points, or 1.56 percent, to finish at 22,780.25.

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