Nifty 50 Ended Over 1% Lower; India’s Index Of Eight Core Industries Increased By 0.5% In May
- Share.Market
- 10 min read
- 23 Jun 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Following initial volatility, Nifty 50 and Sensex closed over 1% lower on Tuesday, June 23. The slump was primarily triggered by a severe sell-off across Asian markets, highlighted by a massive 10% plunge in South Korea’s KOSPI, which prompted a 20-minute trading halt, alongside declines in the Nikkei, Shanghai Composite, and Hang Seng, further compounded by FII offloading worth ₹635.91 crore. Sector-wise performance reflected widespread weakness, with almost all indices ending in the red, led by Nifty Metal. Nifty Pharma and Nifty Healthcare index were the only sectors to close in the green.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
APARINDSApar Industries signed an agreement with Saudi Aramco Base Oil Company-Luberef. The partnership involves supplying base oils within the lubeHub Value Park in Yanbu. This strategic move enables Apar to produce its flagship transformer oils alongside a wide range of other speciality oils, strengthening the downstream industrial ecosystem and local content.
SYRMASyrma SGS Technology executed an agreement with Kaga Electronics India Private Limited to establish, develop, and operate an advanced EMS manufacturing facility in India. Focusing on Japanese clients, Syrma will invest approximately ₹15 crore for a 60% ownership stake in the joint venture company, while Kaga will invest ₹10 crore for the remaining 40% stake.
OLAELECOla Electric Mobility’s subsidiary, Ola Cell Technologies, received Bureau of Indian Standards (BIS) certification for its indigenously developed LFP 46100 cylindrical cell. Becoming the first Indian company to achieve BIS certification for this cell format, the company expands its in-house battery portfolio, offering an energy density of over 170 Wh/kg.
BELBharat Electronics secured additional orders worth ₹1,081 crore since its last disclosure on May 25, 2026. The newly bagged contracts primarily comprise orders for communication equipment, radars, Chemical, Biological, Radiological, and Nuclear (CBRN) protection systems, seekers, avionics, equipment upgrades, spares, and services.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 22 June 2026 | -635.91 | 1,035.72 |
| 19 June 2026 | 4,859.07 | -1,159.64 |
| 18 June 2026 | -1,025.20 | 3,516.81 |
| 17 June 2026 | 101.59 | 1,561.40 |
| 16 June 2026 | -749.18 | 0.06 |
| Month-to-Date | -43,680 | 66,091.13 |
What’s Happening Beyond Markets?
- India’s Index of Eight Core Industries saw a provisional increase of 0.5% in May 2026 compared to the previous year, as per government data. While steel, cement, and electricity production recorded positive growth, sectors like coal and fertilisers declined.
- India emerged as the world’s leading ship-recycling nation in 2025, according to a UNCTAD report. Capturing a 35.4% global share, India safely recycled 2.99 million gross tons, achieving its Maritime India Vision 2030 target five years early.
- India’s total internet subscriber base reached 1,092.79 million by March 2026, marking a 6.24% quarterly growth, according to the latest TRAI performance report. Additionally, the monthly average revenue per user (ARPU) for wireless services increased by 7.15% year-on-year.
- Bolstering India’s agricultural security, four cargo vessels carrying essential Urea, DAP, and Sulphur successfully navigated the Strait of Hormuz. According to the government, these shipments will be offloaded immediately to supplement India’s already robust 196.08 lakh tonnes of fertiliser inventory.
- Equity mutual fund inflows slumped by 40% in May due to geopolitical uncertainties, according to an Axis Mutual Fund report. However, retail investor confidence remains intact, with Systematic Investment Plan (SIP) inflows staying strong at over ₹30,000 crore.
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Back to Basics
Terms that put you one step ahead – every day
What is FOMO in Investing?
In investing, Fear of Missing Out (FOMO) is the anxiety that others are profiting, which can push you to make impulsive financial decisions. Think of it like seeing a massive line for a new restaurant. You have no idea what they serve, but you jump in line just because everyone else is doing it.
In the stock market, FOMO strikes when a stock suddenly skyrockets and dominates social media. Driven by the hype, investors rush to buy in without actually researching the company’s underlying fundamentals. For everyday investors, acting on this emotion is incredibly dangerous. It usually means you are buying an asset at its absolute peak right before it drops. To build genuine long-term wealth, stick to your own research-based strategy and ignore the crowd’s noise.
Learn more: https://www.share.market/buzz/learn/how-to-overcome-fomo-in-investing/
Corporate Actions
Companies with the ex-date and record date on 25 June 2026
| Company | Corporate Action |
| Life Insurance Corporation of India | Final Dividend, ₹10.00 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
