Stock Market Today: Sensex, Nifty 50 Erase Gains On Israel-Iran Truce Breach; India VIX Rises
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Sensex, Nifty gave up early gains after surging over 1% on reports of a breach in Iran-Israel truce, just hours after it was agreed upon.
Indian benchmark indices gave up early gains after surging over 1 per cent on Tuesday on reports of a breach in Iran-Israel truce, just hours after it was agreed upon.
The Sensex opened at 82,534.61, up from its previous close of 81,896.79, and rallied over 1,100 points to hit an intraday high of 83,018. However, the 30-share index reversed course and dropped more than 1,100 points from its peak to touch an intraday low of 81,900.
Similarly, the Nifty 50 began the day at 25,179.90 versus its previous close of 24,971.90, and rose more than 1 percent to an intraday high of 25,317.70. It later gave up gains and declined to an intraday low of 24,999.70 during the afternoon session.
Around 2:25 PM, the Sensex was 137 points, or 0.17 per cent, up at 82,034, while the Nifty 50 was 63 points, or 0.25 per cent, up at 25,035.
Israel-Iran Tensions Keep Markets Volatile
The domestic market witnessed volatility after media reports suggested Israeli Defence Minister Israel Katz had ordered the military to strike Tehran after Iran fired missiles in violation of a ceasefire.
'In light of Iran's blatant violation of the ceasefire declared by the President of the United States — through the launch of missiles toward Israel — and in accordance with the Israeli government's policy to respond forcefully to any breach, I have instructed the IDF (Israel Defence Forces)… to continue high-intensity operations targeting regime assets and terror infrastructure in Tehran," Reuters quoted Israeli Defence Minister Israel Katz as saying on Tuesday.
Earlier, US President Donald Trump announced on Monday that Israel and Iran had agreed to a complete ceasefire.
First Published:
June 24, 2025, 14:43 IST
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