Sensex and Nifty Crash as Iran-Israel-US Conflict Escalates and Crude Oil Prices Surge
Indian Stock Market Suffers Massive Loss: Sensex Falls 1,555 Points Amid Geopolitical Tensions: Monday turned into a “Black Monday” for Indian stock markets as geopolitical tensions and rising crude oil prices triggered a massive sell-off. The Sensex plummeted by 1,555.62 points (2.08%) to 72,977.34, while the Nifty dropped 479.95 points (2.07%) to 22,634.55. Investors lost over Rs 5 lakh crore in wealth within minutes, with sectors like metal, PSU banks, and automobiles bearing the brunt of the declines.
The primary driver behind this crash is the ongoing Iran-Israel-US conflict, which has intensified market uncertainties. Additionally, Brent crude oil surged to $113 per barrel, raising fears of inflation and a widening trade deficit in India, which imports more than 80% of its oil. A ban on shipping in the Strait of Hormuz, the key oil shipping route, further amplified concerns.
Foreign institutional investors (FIIs) continued to exit the Indian market, selling shares worth ₹5,518 crore. As global markets also closed in the red, experts suggest that market volatility may persist. They advise cautious investing, focusing on stocks with strong fundamentals and avoiding aggressive buying for now.
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