Stock Market Live Updates | Sensex Falls to 77,650, Nifty Slips Below 24,250 Amid Market Selloff

SEPC approved the acquisition of up to a 90% stake in Abu Dhabi-based Avenir International Engineers and Consultants through a Rs. 1,530 crore share-swap deal. The transaction is expected to conclude by December 2026 without any cash outflow.

The Reserve Bank of India approved the reappointment of N. S. Vishwanathan as the Non-Executive (Part-time) Chairman of Axis Bank. The approval ensures continuity in the bank's leadership and governance structure as it continues executing its long-term growth strategy.

Axis Bank shares traded at Rs. 1,329.90, down Rs. 11.10 or 0.83%. The private lender witnessed sustained selling pressure during the session, extending losses as broader market weakness and cautious investor sentiment weighed on banking stocks.

Inox India received fresh orders worth Rs. 939 crore since May 21 across Industrial Gas, LNG, and Cryo-scientific Solutions. The Industrial Gas business contributed Rs. 871 crore, while LNG, Cryo-scientific Solutions, and Beverage Keg orders accounted for the remaining value.

Infosys shares traded at Rs. 1,076.40, up Rs. 4.60 or 0.43%. The IT major witnessed modest buying interest, recovering from recent lows as investors tracked sectoral strength and broader market trends despite cautious sentiment across Indian equities.

ICICI Bank shares traded at Rs. 1,411.10, down Rs. 3.60 or 0.25% in early trading. The stock remained under selling pressure throughout the morning session, slipping below the previous close of Rs. 1,414.70 amid a cautious market sentiment.

The government will exercise the oversubscription option for Cochin Shipyard's Offer for Sale (OFS) after receiving strong investor demand. The move covers an additional 2.52% equity, allowing the Center to raise higher proceeds through the disinvestment program.

Knack Packaging made a strong stock market debut, listing at an 11% premium over its IPO price on the NSE. The listing followed robust investor demand for the public issue, highlighting strong market confidence in the company's growth prospects.

Assetz has entered a five-year partnership with the Rohan Bopanna Tennis Academy to support tennis infrastructure and talent development in India. Meanwhile, TARC reported strong Q1 FY27 performance, with Rs. 602 crore in presales, Rs. 305 crore in collections, and continued progress across its luxury residential projects.

Restaurant Brands Asia completed a Rs. 2,235 crore investment deal with Inspira Global through Lenexis Foodworks. Inspira Global now holds a 41.78% stake, which will rise to 48.04% after warrant conversion backed by an additional Rs. 450 crore investment, making it the company's new controlling shareholder.

The Sensex traded around 77,650, down more than 500 points, while Nifty slipped below 24,250. Rising crude oil prices and escalating US-Iran tensions dented investor sentiment, triggering broad-based selling.

Nifty 50 fell 0.63% to 24,245.15 after a weak opening. Despite a brief mid-session recovery, persistent selling pressure and volatile trading kept the benchmark index in negative territory.