On June 24, 2026, the Indian equity markets experienced a significant downturn, mirroring global market trends influenced by expectations of an impending interest rate hike by the U.S. Federal Reserve and a sell-off in technology and artificial intelligence stocks. The S&P BSE SENSEX plunged 893 points, or 1.16%, closing at 76,200.68, while the NIFTY50 index declined by 249 points, or 1.03%, to settle at 23,854.15.
**Global Market Influences**
The global market sentiment was notably bearish, with U.S. stock indices closing lower. The Nasdaq Composite led the decline, falling 2.2%, followed by the S&P 500, which decreased by 2.21%, and the Dow Jones Industrial Average, which edged down by 0.09%. This downturn was primarily driven by concerns over potential interest rate hikes by the Federal Reserve and a significant sell-off in technology and artificial intelligence stocks.
**Asian Market Performance**
Asian markets exhibited mixed performance on June 24. Japan’s Nikkei 225 declined by 0.4%, China’s Shanghai Composite fell 0.25%, and Hong Kong’s Hang Seng index decreased by 0.03%. Conversely, South Korea’s KOSPI surged by 3%, recovering from a 10% drop in the previous session. The mixed performance was influenced by global market trends and regional economic factors.
**Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) Activity**
On June 23, 2026, Foreign Institutional Investors (FII) purchased shares worth ₹17.86 crore, while Domestic Institutional Investors (DII) bought stocks totaling ₹680 crore, according to data from the National Stock Exchange (NSE). Despite this buying activity, FIIs have sold shares worth ₹2,79,544 crore so far this year, as per data from the National Securities Depository Limited (NSDL).
**Sectoral Performance**
The market downturn was broad-based, with significant declines across various sectors. The NIFTY50 index touched an intraday low of 23,785, dragged down by heavyweights such as HDFC Bank, Infosys, Reliance Industries, ICICI Bank, State Bank of India, and Tata Consultancy Services. The sell-off in technology and artificial intelligence stocks was particularly pronounced, reflecting investor concerns over valuations and future growth prospects.
**Market Outlook**
The Indian equity markets are set to open on a flat note on June 25, 2026, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar advanced by 13 points, or 0.05%, to 23,865, amid mixed cues from Asian markets. Investors are closely monitoring global economic indicators, particularly U.S. Federal Reserve policies and developments in the technology sector, which are expected to influence market movements in the near term.
In summary, the Indian equity markets on June 24, 2026, mirrored global market trends, experiencing significant declines influenced by expectations of U.S. interest rate hikes and a sell-off in technology and artificial intelligence stocks. Investors are advised to stay informed about global economic developments and exercise caution in their investment strategies.
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