Sectorally, all indices except realty, metal and pharma traded in negative territory. Oil & gas and FMCG stocks led the losses.

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Benchmark equity indices Sensex and Nifty tumbled on Wednesday amid renewed US-Iran tensions and a fresh spike in crude oil prices.The BSE Sensex fell over 680 points to an intraday low of 77,498.70 from the previous closing level, while the Nifty 50 declined more than 200 points to 24,189.20. In previous trading session, the benchmarks gave up early gains after surging to 11-week highs.At 12.33 pm, Sensex dragged 662.01 points or 0.85 per cent to 77,518.71, and Nifty 50 fell 203.75 points or 0.84 per cent to 24,194.95.According to Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, benchmark indices opened with a sharp gap-down following reports of geopolitical tensions between the US and Iran and a spike in Brent crude prices, although the Nifty later stabilised and traded within a narrow range.Broader markets also traded lower, with the Nifty Midcap and Smallcap indices slipping 0.18 per cent and 0.17 per cent, respectively.Oil & gas and FMCG stocks lead sectoral lossesSectorally, all indices except realty, metal and pharma traded in negative territory. Oil & gas and FMCG stocks led the losses.Among the Nifty 50 constituents, Eternal, Wipro, Bajaj Auto, Hindalco and Trent were among the top gainers. On the other hand, Jio Financial, IndiGo, Shriram Finance and Tata Consumer Products emerged as the major laggards.A total of 3,178 stocks traded on the NSE, of which 1,357 advanced, 1,719 declined and 102 remained unchanged. As many as 68 stocks touched their 52-week highs, while 29 hit their 52-week lows. Meanwhile, 62 stocks hit the upper circuit and 57 touched the lower circuit.In the midcap segment, Kalyan Jewellers, Info Edge, National Aluminium, Indus Towers, MCX and FSN E-Commerce Ventures (Nykaa) gained between 2 per cent and 7 per cent. Hindustan Petroleum, Jubilant FoodWorks, Coforge, Bank of India and 360 One WAM declined between 2 per cent and 3 per cent.In the smallcap space, Aegis Logistics fell around 8 per cent and was the biggest drag on the index. Cohance Lifesciences, City Union Bank, Force Motors and Zensar Technologies declined between 2 per cent and 3 per cent. Among gainers, Anant Raj, Ather Energy, GMDC, MRPL and JBM Auto rose between 2 per cent and 6 per cent.Investors will also keep an eye on developments around TMPV, the annual general meeting of TCS and a host of other corporate AGMs ahead.Shah said the 24,120-24,140 zone would act as a key support area for the Nifty, while resistance is placed at 24,370-24,390. A breach below 24,120 could drag the index towards 23,970-23,990, while a move above 24,390 may extend the rally towards 24,590.On the derivatives front, he highlighted significant call writing at the 24,300 and 24,400 strikes, while the 24,200 strike held substantial open interest on the put side, followed by the 24,100 strike. For the Sensex, Shah pegged support at 77,400 and resistance at 78,200.Published on July 8, 2026