Sensex Falls 400 Points, Nifty Slips Below 24,850 as Israel-Iran Tensions Weigh on Markets
Sensex drops over 400 points and Nifty falls below 24,850 amid rising global tension from the Israel-Iran conflict. Analysts cite geopolitical risk and profit booking as key drivers of the decline
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Indian equity markets witnessed a sharp decline on Monday, with the Sensex falling over 400 points and the Nifty 50 slipping below the crucial 24,850 level. The fall was primarily attributed to growing global tensions, especially the escalating Israel-Iran conflict, which has dampened investor sentiment.
Markets opened weak and extended losses through the session, driven by risk aversion and global uncertainty. Analysts also pointed to profit booking at higher levels after recent rallies and weak global cues as contributors to the market downturn.
Key Factors Behind the Decline:
- Rising geopolitical concerns amid Israel-Iran conflict
- Spike in global crude oil prices due to supply fears
- Weak global market cues from Asian and European markets
- Sectoral weakness in financials, metals, and IT stocks
Sectoral & Stock Impact:
- Banking and IT stocks saw broad-based selling pressure
- Oil & gas stocks remained under watch amid crude volatility
- Midcap and smallcap indices also registered notable declines
Despite the dip, some defensive sectors like FMCG and pharma managed to hold steady.
Market Outlook:
Experts suggest a cautious approach in the near term, advising investors to closely monitor geopolitical developments, crude oil trends, and upcoming corporate earnings. Volatility is expected to remain high if tensions in the Middle East persist.
