Indian benchmarks decline amid Mideast tensions

Business Jun 23, 2025

Indian markets started the week on a down note, with Sensex and Nifty both dropping 0.9%.
The slide follows US airstrikes on Iranian nuclear sites, sparking worries about oil supply disruptions at a key global transit point.

Sensex and Nifty close at day's low

Rising oil prices—now at a five-month high—could mean higher inflation and more pressure on government finances.
All major sectors saw losses, especially IT stocks, which dropped after Accenture flagged weaker tech spending in the US.

Small finance banks gain after RBI eases lending rules

While most stocks struggled, small finance banks bucked the trend after RBI made lending rules easier for them.
This policy tweak could help these banks grow even as inflation and fiscal concerns linger.