Jun 3, 2026, 11:32 GMT+7
By Vivek Kumar M
Indian shares fell in early trade on Wednesday, reversing the previous session's gains as elevated oil prices and a pullback in IT stocks after a recent rally weighed on sentiment, while concerns over India's lack of a clear AI play persisted.
The benchmark Nifty 50was down 0.89% at 23,274.25, while the BSE Sensexlost 1.06% to 73,856.66, as of 9:33 a.m. IST. If losses hold, the drop would make for the fifth session of losses in six trading days for the benchmarks.
Brent cruderose 1% to $97 per barrel.
"Indian equities are trying to find the bottom, while other major global markets are on a surge led by AI boom," said Aamar Deo Singh, senior vice president at Angel One.
The MSCI 's broadest index for Asia-Pacific stocks outside Japan rose 0.2%.
Foreign investors have led the selling in India, offloading a record $26.8 billion of shares, while favouring AI-linked stocks elsewhere.
"The elevated crude oil prices and lack of AI play could continue to keep Indian markets on the edge," Singh said.
Gulf hostilities flared anew on Wednesday, with the U.S. military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets either were thwarted or unsuccessful, as diplomacy between Washington and Tehran showed little progress.
All the 16 major sectors traded lower. The broader small-capsand mid-capsfell 0.6% and 0.8%, respectively.
IT stocksfell 4.3%, tracking a decline in global software shares as a rally driven by hopes of higher AI spend benefiting software companies lost steam. The sub-index had gained 7% over the previous two sessions
IndusInd Bankdropped 2.3% on report of fresh whistleblower complaint seeking probe into alleged insider trading, governance failures, and shortcomings in forex and audit reviews.

Sumber : Reuters