Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed in the red.
Indian equity benchmark indices, Sensex and Nifty50, slumped as renewed tension in West Asia roiled risk appetite among investors.
At the closing bell, the BSE Sensex closed 1,677 points lower (down 2.1%)
Meanwhile, the NSE Nifty closed 516 points lower (down 2.1%)
HUL, Bajaj Finance, and HUL, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,872, 511 points lower at the time of writing.
The BSE 150 Midcap index is trading 1.7% lower, and the BSE 250 SmallCap index is trading 2% lower.
Sectoral indices were trading negatively today, with the services sector and banking sector witnessing selling pressure.
The rupee is trading at Rs 95.6 against the US$.
Gold prices for the latest contract on MCX are trading 1.6% lower at Rs 1,42,948 per 10 grams.
Meanwhile, silver prices were trading 3.1% lower at 2,23,549 per 1 kg.
5 reasons why Indian share markets are falling:
#1 Renewed US-Iran tensions
Investor sentiment turned cautious after US President Donald Trump said the understanding with Iran to end the conflict was "over." The comments raised fears of fresh geopolitical tensions in the Middle East. As a result, investors moved away from riskier assets such as equities.
#2 Rise in Crude Oil Prices
Brent crude oil prices jumped over 5% to around $78 per barrel amid concerns over supply disruptions. Higher oil prices are a negative for India, which imports most of its crude oil, as they increase import costs, fuel inflation and put pressure on economic growth.
#3 Weak Global Cues
Asian markets, including Japan's Nikkei 225 and South Korea's Kospi, traded lower, reflecting weak global sentiment. US markets had also closed in the red overnight, adding to the cautious mood across global equities.
#4 Rise in India VIX
ndia VIX, which measures market volatility, surged nearly 30% to 15.08. A higher VIX indicates rising uncertainty and suggests investors are expecting larger market swings in the near term.
#5 Rupee Weakens
The Indian rupee fell 20 paise to 95.16 against the US dollar as higher crude oil prices boosted demand for the dollar. The weakness in domestic stock markets also added pressure on the local currency.
Kalyan Jewellers Q1 Business Update
Shares of Kalyan Jewellers came into focus after the company reported its Q1 results.
Kalyan Jewellers reported a 38% year-on-year increase in consolidated revenue for the first quarter, supported by strong demand across its India and Middle East businesses. The company had posted consolidated net revenue of Rs 73.14 billion (bn) in the corresponding quarter of FY26.
In India, revenue grew 38% year-on-year, aided by a 28% increase in same-store sales. The international business also delivered strong performance, with revenue rising 35%, led by a 30% growth in the Middle East. Overseas operations contributed about 14% to the company's consolidated revenue during the quarter.
During Q1, Kalyan Jewellers expanded its retail footprint by opening 12 Kalyan showrooms and five Candere stores in India. Meanwhile, its digital jewellery platform, Candere, recorded a 112% year-on-year growth in revenue.
BHEL Signs Green Hydrogen Technology Pact
Bharat Heavy Electricals Ltd. (BHEL) on Wednesday announced that it has signed a strategic collaboration agreement (SCA) with thyssenkrupp nucera India to develop alkaline electrolyser systems for green hydrogen projects.
Under the partnership, the companies will work towards the phased indigenisation and local manufacturing of alkaline electrolyser systems in India, strengthening the domestic green hydrogen ecosystem.
BHEL said the collaboration will enhance its project execution capabilities in the green hydrogen segment while supporting the government's National Green Hydrogen Mission and the Make in India initiative.
BHEL is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacturing, erection, testing, commissioning and servicing of a wide range of products and systems. The company serves key sectors, including power, transmission, industry, transportation, renewable energy, oil and gas, and defence.
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