{"id":2624,"date":"2026-05-29T23:29:10","date_gmt":"2026-05-29T17:59:10","guid":{"rendered":"https:\/\/newsaxis.com\/?p=2624"},"modified":"2026-05-29T23:29:10","modified_gmt":"2026-05-29T17:59:10","slug":"sensex-crashes-1092-points-amid-us-iran-uncertainty-final-hour-sell-off","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=2624","title":{"rendered":"Sensex crashes 1,092 points amid US-Iran uncertainty, final hour sell-off"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"273\" height=\"400\" data-id=\"2625\" src=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/05\/sensex-1-4.jpg\" alt=\"\" class=\"wp-image-2625\" srcset=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/05\/sensex-1-4.jpg 273w, https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/05\/sensex-1-4-205x300.jpg 205w\" sizes=\"auto, (max-width: 273px) 100vw, 273px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Mumbai, Indian equity benchmark indices ended sharply lower on Friday after a volatile trading session, as uncertainty surrounding a possible US-Iran understanding triggered heavy selling in the final hour of trade.<\/p>\n\n\n\n<p>The Sensex closed at 74,775.74, down 1,092.06 points or 1.44 per cent, while the Nifty settled at 23,547.75, declining 359.40 points or 1.50 per cent.<\/p>\n\n\n\n<p>The Nifty witnessed sharp swings during the session, touching an intra-day high of 24,002.80 before falling to a low of 23,484.75.<\/p>\n\n\n\n<p>Similarly, the Sensex climbed to 76,220.02 during the day but later plunged to an intra-day low of 74,589.11 as late-hour selling intensified.<\/p>\n\n\n\n<p>Commenting on Nifty technical outlook, experts said that a sustained breakdown below the 23,500 zone could weaken the near-term structure and could extend downside pressure toward the 23,300\u201323,200 region in the short term if selling persists.<\/p>\n\n\n\n<p>\u201cOn the upside, the 23,750\u201323,800 zone is now expected to act as an immediate resistance band, followed by stronger resistance near the 24,000 level,\u201d an analyst stated.<\/p>\n\n\n\n<p>In the broader markets, the Nifty MidCap 100 index fell 1.33 per cent and the Nifty SmallCap index slipped 0.85 per cent.<\/p>\n\n\n\n<p>Heavyweight stocks further dragged indices lower. Shares of Reliance Industries declined more than 2.18 per cent, while ITC fell 1.71 per cent, offsetting gains in the technology sector.<\/p>\n\n\n\n<p>IT stocks, however, remained resilient during the session, with the Nifty IT index gaining more than 0.60 per cent.<\/p>\n\n\n\n<p>Market participants continued to favour technology counters amid the overnight rally in US tech stocks and weakness in the Indian rupee, which is expected to improve margins for export-oriented IT companies.<\/p>\n\n\n\n<p>Analysts said the session highlighted the fragile nature of market sentiment near higher resistance levels.<\/p>\n\n\n\n<p>\u201cThe market witnessed broad-based selling pressure following the IMDs monsoon forecasts to 90 per cent of the long period average (LPA), raising concerns among investors,\u201d as per the analyst.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Indian equity benchmark indices ended sharply lower on Friday after a volatile trading session, as uncertainty surrounding a possible US-Iran understanding triggered heavy selling in the final hour of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-2624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-display","has_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2624"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2624\/revisions"}],"predecessor-version":[{"id":2626,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2624\/revisions\/2626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/media\/2625"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}