
On June 19, 2026, the Indian stock markets witnessed a sharp decline as the Sensex fell by over 800 points.
As per news reports, this downturn was attributed to a sell-off in IT stocks, weak global cues, and foreign institutional investor (FII) selling, which collectively impacted investor confidence and halted a 5-day rally.
The Indian stock market saw heavy selling pressure, particularly in IT stocks. Prominent companies like Infosys, TCS, HCL Tech, and Tech Mahindra saw significant declines, dropping by 6-8%.
This was driven by Accenture revising its FY26 revenue growth guidance downwards, which raised concerns regarding reduced discretionary spending in the IT sector. These IT firms are majorly reliant on the US economy, contributing to investor anxiety.
FIIs turned net sellers, selling ₹1,025 crore worth of shares after being net buyers for 3 consecutive sessions.
However, the selling from FIIs was less aggressive compared to their previous activities. Despite this, their net selling added to the market's negative sentiment.
Asian markets like South Korea's Kospi and Hong Kong's Hang Seng fell by nearly 2%.
The softer outlook of global markets, together with ongoing Middle Eastern geopolitical tensions mentioned by US officials, further affected market dynamics.
The Sensex plunged by over 800 points, while the Nifty dropped more than 200 points. The selloff was driven by a decline of 6-8% in major IT companies` stocks, net selling by FIIs worth ₹1,025 crore, and weak global market cues, punctuating a halt to a 5-day market upswing.
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Published on: Jun 19, 2026, 1:14 PM IST

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