Sensex crashes nearly 1,000 points; Nifty down 260 points:Rising geopolitical uncertainties push up oil prices

Indian benchmark indices opened on a cautious note on Wednesday, 3 June 2026. Sensex slid 1,100 points and dipped below the 74,000 mark. Nifty lost 260 points. Stocks like TCS, Tech Mahindra, Infosys, HCL Tech, Eternal and ITC were among the major losers on the Sensex. Sectoral indices fall on Wednesday Sectorally, on the NSE, all indices traded with losses with Nifty IT falling 3.69% followed by Realty, Financial Services Ex-Bank, etc. Asian shares mixed US markets ended marginally higher overnight Foreign investors sold shares worth ₹8,000 crore yesterday Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees. Iran attacks US sites in Kuwait and Bahrain Tensions between the United States and Iran rose again on Wednesday after Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it had launched missile and drone attacks on the US Navy’s Fifth Fleet headquarters, military airbases and helicopters in Kuwait and Bahrain. Meanwhile, the United States carried out a strike on a communications tower on Iran’s Qeshm Island in the Strait of Hormuz. The US military described the operation as an act of self-defence. Oil rises Following rising geopolitical uncertainties, the global oil price benchmark, Brent Crude, rose to $96 per barrel. Rupee drops Rupee fell 14 paise to 95.50 against US dollar on Wednesday.