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  1. Stock market crash: ITC, Patanjali Foods, Britannia, SBI Cards among 51 stocks that hit 52-week low on NSE

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Stock market crash: ITC, Patanjali Foods, Britannia, SBI Cards among 51 stocks that hit 52-week low on NSE

SUMMARY

NIFTY50 and SENSEX are trading over 1% lower today as the US-Iran war and rising crude oil prices continue to impact the domestic stock market. Several prominent stocks like Britannia, ICICI Prudential Life, SBI Cards, Emami and others hit their 52-week low today on NSE

ITC_hit_52-week_low

NIFTY50 declined today amid uncertainty around the US-Iran war and a surge in Brent Crude oil prices.

NIFTY50 and SENSEX are trading lower on Wednesday, June 3, 2026. Both benchmark indices declined over 1% today after rising in the previous trading session. NIFTY50 and SENSEX had declined for five straight sessions but recovered to close higher in yesterday’s trading session.

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As of 11:30 am, the NIFTY50 index is trading 251 points or 1.1% lower at 23,229, with a day low of 23,194. Meanwhile, BSE SENSEX is down 910 points or 1.2% lower at 73,747. SENSEX hit a day low of 73,659 today. Among the NIFTY50 stocks, TCS (8.1%), Tech Mahindra (-5.1%) and HCL Tech (-4.2%) were the top losers. IT stocks saw a significant fall today after a strong rally in the last few trading sessions amid profit booking.

Why are stock markets down today?

FIIs sell-off: Foreign investors continue to remain bearish on the Indian stock market. FIIs sold off domestic equities worth ₹8,362 crore on June 2, 2026 after concluding May with a total sell-off worth ₹55,963 crore. Foreign investors' sell-off comes amid weak sentiments in the domestic stock market and depreciation of the Indian rupee.
Surge in Brent Crude: International oil prices rose once again after hopes of peace talks between the US and Iran faded, as both countries resumed missile and drone attacks on each other's assets. Brent Crude oil is trading around $98 per barrel, while WTI Crude is around $95.5 per barrel as oil prices have gained over 7% so far this week.
Significant fall in IT stocks: Indian IT stocks witnessed heavy profit booking today after the recent rally. NIFTY IT index was down over 6% while heavyweight stocks like TCS, Infosys, HCL Tech, Tech Mahindra, LTM and others declined between 4.5% and 8.8%. IT stocks have one of the highest weightages in the NIFTY50 index at around 8.5%. Hence, a significant fall in IT stocks impacts the overall markets.

Broader market indices like NIFTY Midcap100 (-1.4%) and NIFTY Smallcap100 (-1.2%) are also trading lower. More than 45 stocks hit their 52-week low today as investors did profit booking amid weak market sentiments.

The volatility index, or India VIX, is up 8.9% to 16.73. All sectoral indices are trading in red with NIFTY IT (-5.6%), NIFTY Realty (-2.3%), and NIFTY Financial Services (-2.1%) being the top sectoral losers.

Prominent stocks at 52-week low today

Stock52-week low1-year return*
Britannia Industries₹5,066-9.1%
ICICI Prudential Life₹474.1-25.9%
ITC Limited₹275.5-33.7%
Emami Limited₹383.05-33.4%
Patanjali Foods₹435.5-22.5%
Le Travenues Technology₹151.6-12.5%
Bajaj Electricals₹302.6-53.6%
Shree Renuka Sugars₹21.3-35.1%
SBI Cards and Payment₹595.6-34.8%
Wakefit Innovations₹115.5-
Chemplast Sanmar₹204.9-52.1%
GMM Pfaudler₹755.2-31.9%
Mahindra Holidays₹208.3-41.4%
*1-year return as per NSE website

About The Author

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Sreenivas Ajankar is a Deputy Editor at Upstox and has over nine years of experience in capital markets. His areas of expertise include equity research, analysis and business valuation.

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