Indian Shares Extend Losses as Iran Nuclear Deal Uncertainty Deepens

Indian equity benchmarks fell on June 2, 2026, extending a sell-off driven by growing uncertainty over a U.S.-Iran nuclear agreement. The Nifty 50 slid 1.1% to 22,380, while the BSE Sensex lost 1.0% to 73,550, with all major sectoral indices closing in the red. Investors dumped risk assets after diplomatic talks in Vienna stalled, sending Brent crude prices up 2.8% to $86.90 a barrel. India imports the bulk of its oil, making its economy acutely sensitive to energy price spikes. Foreign portfolio investors offloaded a net 17.5 billion rupees ($210 million) of local shares, the largest single-day outflow in two weeks. The declines tracked a wider slump across Asian and U.S. markets, where the S&P 500 fell 0.9% overnight on fears that a protracted standoff could disrupt global crude supplies.