Stock Market Crash: Share Market in Turmoil Amid Israel-Iran War, Sensex Plunges 995 Points
The ongoing conflict between Israel and Iran has sparked global tensions, significantly impacting stock markets worldwide. The Indian stock market is no exception, experiencing a sharp decline as trading opened on Thursday. The Bombay Stock Exchange’s Sensex witnessed a substantial drop of 995.92 points, or 1.18%, starting the day at 83,270.37. Meanwhile, the National Stock Exchange’s Nifty fell by 269.80 points, or 1.05%, opening at 25,527.10.
Sensex Takes a Hit at Market Open
The dramatic plunge follows a missile attack by Iran on Israel earlier this week, escalating hostilities and causing a ripple effect across international markets. This escalation has driven crude oil prices higher, exacerbating the market turmoil. After a holiday for Gandhi Jayanti, the Indian stock market opened to the harsh realities of the Israel-Iran conflict, with the Sensex opening significantly lower compared to its previous close of 84,266.
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In tandem with the Sensex, the NSE Nifty also mirrored the decline, starting the day 270 points down from its last close of 25,796.90. At the market’s opening, approximately 620 stocks saw gains, but a staggering 2,024 companies faced declines, trading in the red. Notably, 149 stocks remained unchanged.
Major Stocks Under Pressure
Among the biggest losers, Tata Motors, Asian Paints, Tata Consumer Products, Hero MotoCorp, and ICICI Bank experienced the most significant declines, reflecting investor fears amid rising geopolitical uncertainties.
As the situation develops, market analysts and investors will be closely monitoring the implications of the Israel-Iran conflict on the global economy and stock markets. The future trajectory of the Indian stock market remains uncertain, raising concerns over potential further declines in the coming days.
Stay updated with the latest developments as we track the impact of global events on the Indian stock market.
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