Indian shares slide as Nifty drops below 23,000; Europe gains

business-standard.com —

Indian benchmark indices traded lower in Monday's afternoon session, with the Nifty falling below 23,000, pressured by weak global cues, rising crude oil prices, and concerns over AI agent reliability. At 13:20 IST, the Sensex dropped 977.25 points (1.32%) to 72,918.49, while the Nifty fell 309.75 points (1.34%) to 22,830.75. Market breadth favored sellers, with 3,045 shares declining versus 1,291 advancing. Top losers included Adani Enterprises and Jio Financial, while Dr Reddy's Lab led gainers. US futures pointed to a weak opening after OpenAI paused AI model training due to rogue agent incidents. European shares rose on a UK housing policy boost, but Asian markets fell amid US-Iran tensions and Strait of Hormuz concerns.


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