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Stock Market LIVE: Sensex tanks 1,710 points, Nifty below 22,600; metal, PSU bank stocks drag

Author: admin_zeelivenews

Published: 23-03-2026, 5:45 AM
Stock Market LIVE: Sensex tanks 1,710 points, Nifty below 22,600; metal, PSU bank stocks drag
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Sensex Today | Stock Market LIVE Updates, Monday, March 23, 2026: The Nifty50 and the Sensex slumped, tracking losses in global equities as geopolitical tension continued to increase following US President Donald Trump’s ultimatum to Iran.  The Nifty50 was trading 500.40 points or 2.12 per cent down at 22,623.85, and the Sensex was trading 2.17 per cent or 1,618.42 points down at 72,930.21. 


In the Nifty50 index, 46 stocks plunged at open out of 50. Shriram Finance, and InterGlobe Aviation and JSW Steel were the top losers. Bucking the trend, Oil and Natural Gas Corporation and HCLTech shares rose.     The NSE Nifty India Volatility index jumped 15.39 per cent to 26.32, indicating a sudden spike in uncertainty among investors.    Broader markets underperformed benchmark indices. The Nifty MidCap and the Nifty SmallCap indices were trading 3.49 per cent and 3.87 per cent down, respectively.  Sector-wise, the Nifty Metal slumped over 4 per cent to become the worst-performer. The Nifty PSU Bank and the Nifty Construction Durable also underperformed. 

Brent crude rose after US President Donald Trump warned that they would obliterate Iran’s power plans if the country didn’t open the Strait of Hormuz within 48 hours. In retaliation, Iran also threatened to strike energy infrastructure in the Middle East. 

 


Brent’s April future contract was trading 1.53 per cent higher at $108.04 per barrel. 

 


IPO Today

 


Central Mine Planning & Design Institute’s initial public offer will enter its second day of subscription on Monday. Friday, the issue was subscribed 0.07 times. It’s a book-build issue of ₹1,842.12 crore. The IPO will close on March 24. 

 


Similarly, Speciality Medicines IPO will enter its second day. On first day, the IPO was subscribed 0.84 times. The company aims to raise ₹29.14 crore. 

 


Meanwhile, Tipco India Engineering’s ₹60.6-crore IPO will open for subscription on Monday. It will close on Wednesday.

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