Amid Rising US-Iran Tensions - Markets Crash 1,000 Points, Trade Uncertainties
Sensex lost 1,068 points and closed at 82,225 points. Nifty50 tanked 288 points to settle at 25,424 points. Trade uncertainties are going on.
Traders react as Sensex and Nifty tumble amid global geopolitical tensions and heavy IT sector sell-off.
Indian stock markets report a sharp crash today due to the rising geopolitical tensions between the United States and Iran. It is, along with worries over AI-driven disturbance and trade uncertainties, weighed seriously on investor sentiment.
Amid a share market crash today, the 30-share BSE Sensex lost 1,068 points to close at 82,225. On the other hand, the Nifty50 dropped by 288 points to settle at 25,424. The Sensex crash today was largely a result of technology stocks, with Tech Mahindra dipping 6.6%, followed by losses in Infosys, HCLTech, and TCS. Other top loss drags on the Sensex included Larsen & Toubro, Mahindra & Mahindra, HDFC Bank, SBI, Bharti Airtel, and Eternal.
However, NTPC, Tata Steel, Hindustan Unilever, and Axis Bank stand as the key gainers during the session.
According to Vinod Nair of Geojit Investments, the sharp decline in the domestic equities was led by "significant weakness" in IT stocks in the middle of "renewed global concerns over AI-driven disorder. It is also due to the margin pressures for traditional service providers."
Vinod Nair said that ‘The worries on the global trade and tariff are equally significant due to US President Donald Trump's latest warning on trade deals’.
According to the experts, the IT sector will stay under pressure, advising that the weakness in tech stocks stems from the long-term impact of AI.
The stock market India would also wait in hope of how the tariff drama plays out in light of the EU freezing its deal with the US.
The rupee settled 6 paise lower at 90.95 against the US dollar. It opened at 90.91 and traded in the 90.91-90.97 range before winding up at 90.95.
