Indian Stock Market Faces Significant Losses Amid Global Tensions
Sensex slumps 847 pts; Nifty trades below 23,950 mark; VIX rallies 8.40%
Business Standard
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The Indian stock market saw substantial declines with the S&P BSE Sensex dropping 847.22 points to 76,480.97 and the Nifty 50 falling below 23,950. Concerns over escalating U.S.-Iran tensions and rising oil prices contributed to market volatility, while the rupee weakened against the dollar.
- 01S&P BSE Sensex fell 847.22 points or 1.10%.
- 02Nifty 50 index declined 238.87 points or 0.99%.
- 03Brent crude oil prices surged above $100 per barrel.
- 04The rupee weakened to 95.19 against the US dollar.
- 05India VIX, a measure of market volatility, increased by 8.40%.
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The Indian equity markets experienced a significant downturn, with the S&P BSE Sensex tumbling 847.22 points (1.10%) to 76,480.97 and the Nifty 50 index dropping 238.87 points (0.99%) to 23,937.70. This decline was primarily driven by escalating tensions in the Persian Gulf after U.S. President Donald Trump rejected Iran's response to a peace proposal, raising fears of a prolonged conflict. The situation pushed Brent crude oil prices above $100 per barrel, further straining market sentiment. Additionally, the Indian rupee fell to 95.19 against the dollar, reflecting pressure on the domestic currency. While major sectors faced losses, companies like Tata Consumer Products and Max Healthcare Institute saw gains, with Tata Consumer reporting a 21.53% increase in net profit for Q4 FY26. The broader market showed a mixed performance, with the BSE 150 MidCap Index and BSE 250 SmallCap Index declining by 0.93% and 0.75%, respectively. The India VIX, which measures market volatility, surged 8.40% to 18.26 as investors reacted to the uncertain geopolitical landscape.
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The drop in the stock market and the weakening rupee may affect investor confidence and could lead to higher costs for imports, impacting consumers and businesses reliant on foreign goods.
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