Top News

Stock market falls due to re-emergence of tensions in West Asia, Sensex slips 252 points, Nifty weakens 86 points

Samira Vishwas | May 5, 2026 11:24 PM CST

Mumbai, 5 May. Domestic stock markets witnessed selling pressure on Tuesday due to renewed tensions in West Asia amid reports of fresh firing by American and Iranian naval forces in the Strait of Hormuz and both the benchmark indices closed in the red. BSE Sensex fell by 252 points while Nifty weakened by 86 points.

Market experts say that the increasing tension in the Strait of Hormuz and pressure on the ceasefire between America and Iran were the main reasons for the decline in the domestic market. Apart from this, investor sentiment was also affected due to the rupee falling to a record low amid high crude oil prices. However, the huge fall that was seen at the beginning of trading also saw some recovery in the last hours.

Sensex 0.33 percentage drop 77,017.79 closed on points

Bombay Stock Exchange (BSE)’s 30-share benchmark index Sensex fell 251.61 points, or 0.33 per cent, to close at 77,017.79 in a volatile session. At one time during trading, it fell 754.37 points to the level of 76,515.03. Among Sensex companies, stocks of 12 remained strong and 18 showed weakness.

nifty 24,032.80 closed on points

On the other hand, the National Stock Exchange (NSE) sensitive index Nifty based on 50 shares fell by 86.50 points or 0.36 percent and closed at 24,032.80 points. Among the companies associated with Nifty, shares of 33 remained in the red mark while 17 registered gains.

ICICI Bank shares fell the most by 1.53 percent

Among the companies included in the Sensex group, ICICI Bank’s shares fell the most by 1.53 percent. Shares of Tech Mahindra, Axis Bank, Bharti Airtel and Larsen & Toubro were also major losers. On the other hand, Mahindra & Mahindra, UltraTech Cement, Bajaj Finserv and Bajaj Finance registered gains.

FII has 2,835.62 Net purchase of shares worth crores of rupees

Meanwhile, contrary to the trend, foreign institutional investors (FIIs) made net purchases of shares worth Rs 2,835.62 crore on Monday. On the other hand, Brent crude remained around $ 113 per barrel, while the rupee weakened by two paise and reached an all-time low of 95.25 against the US dollar.