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News18
7 hours ago
- Business
- News18
Why Is Stock Market Falling Today? Sensex Crashes 1,100 Points, Nifty Below 24,650
Last Updated: Indian benchmark indices slumped sharply in early trade on Friday, tracking a global sell-off after Israel launched military strikes on Iran Why Is Share Market Falling Today? Indian benchmark indices slumped sharply in early trade on Friday, tracking a global sell-off after Israel launched military strikes on Iran, sparking renewed geopolitical tensions in the oil-rich Middle East. As of 9:19 AM, the BSE Sensex had plunged 1,163 points, or 1.42%, to 80,528, while the Nifty50 declined 284 points, or 1.13%, to 24,608. Sectorally, the Nifty Oil & Gas index was the worst hit, falling 1.6% amid steep losses in Mahanagar Gas, IGL, BPCL, and IOC. Other key indices — Nifty Bank, IT, Auto, Metal, and PSU Bank — also declined between 1% and 1.5%. Broader markets mirrored the weakness. The Nifty Midcap index dropped 1.1%, while the Nifty Smallcap100 slipped 1.5%. The intense sell-off wiped out nearly Rs 5.52 lakh crore in investor wealth, pulling the total market capitalisation of all BSE-listed firms down to Rs 444.06 lakh crore. 1. Israel's Military Strike on Iran The sharp downturn was primarily triggered by Israel's confirmed military action against Iran early Friday. According to reports, Israel launched targeted airstrikes on Iranian nuclear facilities, missile factories, and key military personnel in what it termed a 'preemptive strike" to curb Tehran's nuclear ambitions. A state of emergency was declared in Israel, anticipating retaliatory drone and missile attacks from Iran. Iranian media confirmed the death of Hossein Salami, the commander of the Revolutionary Guards, while Israeli sources suggested several top Iranian military and nuclear officials may have also been killed. US Secretary of State Marco Rubio clarified that the United States had no involvement in the operation, calling it a 'unilateral action" by Israel. The timing is especially significant, with nuclear negotiations between the U.S. and Iran stalled and a fresh round of talks scheduled in Oman this Sunday. 'The economic fallout from this escalation could be severe if the conflict drags on," said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 2. Oil Prices Soar Amid Supply Concerns Brent crude futures spiked $6.29, or 9.07%, to $75.65 per barrel in early trade, hitting a session high of $78.50 — the highest since late January. U.S. WTI crude followed suit, rising $6.43, or 9.45%, to $74.47 after touching $77.62. These are the steepest single-day gains for both benchmarks since Russia's invasion of Ukraine in 2022, which had previously disrupted global energy supplies. 'With Israel stating that the operation could last several days, and if Iran responds by closing the Strait of Hormuz, we could see Brent crude surging beyond $78. A prolonged disruption may significantly tighten global oil supply," added Vijayakumar. 3) Global markets tumble amid Middle East escalation The intensifying conflict in the Middle East—a key oil-producing region—triggered a widespread selloff across global markets, compounding concerns already fuelled by U.S. President Donald Trump's unpredictable trade policies. The MSCI Asia ex-Japan index dropped 1.1%, reflecting growing investor anxiety. U.S. S&P E-mini futures fell 1.7%, Nasdaq futures lost 1.8%, and Europe's STOXX 50 futures slipped 1.6%, signaling a weak start across major economies. Among Asian markets, Japan's Nikkei declined 1.3%, South Korea's KOSPI shed 1.1%, and Hong Kong's Hang Seng slipped 0.8%. Amid the geopolitical uncertainty, investors shifted capital to traditional safe-haven assets. Yields on U.S. 10-year Treasuries dropped to a one-month low of 4.31%, reflecting a move out of riskier equities. Currency markets also saw notable movement: the Swiss franc rose 0.4% to 0.8072 per dollar, while the Japanese yen gained 0.3% to 143.12. Meanwhile, the U.S. dollar index rose 0.5% to 98.131, underlining the broader risk-off sentiment prevailing in the market. Location : New Delhi, India, India First Published: June 13, 2025, 10:10 IST News business » markets Why Is Stock Market Falling Today? Sensex Crashes 1,100 Points, Nifty Below 24,650
Economic Times
7 hours ago
- Business
- Economic Times
Why stock market is falling today? 4 key factors behind Sensex's 1,100-point crash, Nifty below 24,650
Live Events 1) Israeli strike on Iran 2) Oil prices surge on supply fears 3) Broader global selloff 4) Risk-off sentiment lifts safe-haven assets (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian benchmark equity indices plunged in early trade on Friday, mirroring sharp losses in Asian markets after Israel launched military strikes on Iran, heightening geopolitical tensions in the oil-rich Middle around 9:19 am, the BSE Sensex was down 1,163 points, or 1.42%, at 80,528, while the Nifty50 fell 284 points, or 1.13%, to 24, sectors, Nifty Oil & Gas was the worst performer, falling 1.6%, dragged by losses in Mahanagar Gas, IGL, BPCL, and IOC. Meanwhile, Nifty Bank, IT, Auto, Metal, and PSU Bank indices declined between 1% and 1.5%. In the broader market, the Nifty Midcap index slipped 1.1%, and the Nifty Smallcap100 dropped 1.5%.The market capitalisation of all listed companies on the BSE fell by Rs 5.52 lakh crore to Rs 444.06 lakh are the key reasons behind today's stock market crash The selloff was triggered by Israel's military strike on Iran early Friday. Israel said it targeted nuclear facilities, missile factories, and top military commanders in a 'preemptive strike' to stop Tehran from developing nuclear weapons.A state of emergency was declared in Israel in anticipation of retaliatory missile and drone state media confirmed the death of Hossein Salami, Commander of Iran's Revolutionary Guards. Israeli officials also claimed that several senior Iranian military officials and nuclear scientists were likely killed.U.S. Secretary of State Marco Rubio called the strike a "unilateral action" by Israel and clarified that Washington was not attack comes amid stalled nuclear talks, with a sixth round of negotiations between the U.S. and Iran scheduled in Oman on Sunday. "The economic consequences of this Israeli strike can be profound if the attack and counterattack by Iran lingers long," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments crude futures jumped $6.29, or 9.07%, to $75.65 a barrel by 03:15 GMT after touching an intraday high of $78.50 — the highest since January 27.U.S. West Texas Intermediate (WTI) crude climbed $6.43, or 9.45%, to $74.47 a barrel, after hitting $77.62, the highest since January were the sharpest intraday gains for both benchmarks since 2022, when Russia invaded Ukraine, leading to a spike in energy prices."Israel has declared that the operation will last several days. Brent crude prices have flared up by around 12% to $78. It can rise further if Iran, in retaliation, closes the straight of Hormuz, severely restricting oil supply," Vijayakumar escalation in the Middle East, a key oil-producing region, added a fresh layer of uncertainty to global markets already under pressure from U.S. President Donald Trump's erratic trade MSCI Asia ex-Japan index fell 1.1%. U.S. S&P E-mini futures dropped 1.7%, Nasdaq futures 1.8%, and Europe's STOXX 50 futures declined 1.6%.Among major Asian indices, Japan's Nikkei fell 1.3%, South Korea's KOSPI 1.1%, and Hong Kong's Hang Seng 0.8%.Investors rushed to safe-haven assets. U.S. 10-year Treasury yields fell to a one-month low of 4.31%.The Swiss franc rose 0.4% to 0.8072 per dollar, and the Japanese yen appreciated 0.3% to 143.12. The dollar index climbed 0.5% to 98.131, reflecting broader risk aversion.
Mint
7 hours ago
- Business
- Mint
Israel-Iran conflict: Should stock market investors be worried after Sensex, Nifty 50 crash? EXPLAINED
Israel-Iran conflict: Indian benchmark equity indices tumbled in early trading on Friday, tracking steep declines in Asian markets following Israel's military strikes on Iran, which intensified geopolitical tensions in the oil-rich Middle East. The Sensex began the session at 80,427.81, down from its previous close of 81,691.98, and plunged over 1,300 points, or 1.6%, reaching an intraday low of 80,354.59. Similarly, the Nifty opened at 24,473, compared to its prior close of 24,888.20, and tumbled 1.7% to hit an intraday low of 24,473. Among the sectors, Nifty Oil & Gas emerged as the biggest loser, sliding 1.6% due to significant declines in stocks like Mahanagar Gas, IGL, BPCL, and IOC. Other indices including Nifty Bank, IT, Auto, Metal, and PSU Bank also saw losses, each falling between 1% and 1.5%. In the broader market, the Nifty Midcap index shed 1.1%, while the Nifty Smallcap100 declined by 1.5%. 'Geopolitical tensions, such as the ongoing Iran-Israel conflict, have historically caused short-term market volatility. This often presents attractive opportunities to acquire high-quality stocks at discounted prices. We believe that any resulting volatility is temporary and unlikely to persist in the long term,' said Rajesh Palviya, SVP - Technical and Derivatives Research, Axis Securities. According VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, the impact on market will depend on how long the conflict lingers. In the near-term the market will be in a risk-off mode. 'Investors can wait and watch how the situation unfolds. Nifty is likely to get strong support at 24500 level,' Vijaykumar added. Rajesh Palviya of Axis Securities believe that any market corrections driven by geopolitical concerns as a buying opportunity. 'Technically, the Nifty index has strong support in the 24,500–24,300 range, while the Bank Nifty finds support near the 55,000 mark,' he said. On the other hand, experts recommend investors to avoid leveraged trades or highly speculative positions and Use market corrections as opportunities, not emergencies. 'Geopolitical sell-offs often cause short-term panic but not always long-term market damage, unless the situation escalates into broader war or economic sanctions affecting global trade (especially oil),' said Vikram Kasat, Head - Advisory, PL Capital. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
10 hours ago
- Business
- Time of India
Friday the 13th jitters: Sensex tanks over 1,100 pts, Nifty slips below 24,700 as Israel-Iran tensions flare
Indian benchmark equity indices plunged in early trade on Friday, mirroring sharp losses in Asian markets after Israel launched military strikes on Iran, heightening geopolitical tensions in the oil-rich Middle East. At around 9:19 am, the BSE Sensex was down 1,163 points, or 1.42%, at 80,528, while the Nifty50 fell 284 points, or 1.13%, to 24,608. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ballina: Waterproof Your Home [Discover] Waterproofing Services Learn More Undo Among sectors, Nifty Oil & Gas was the worst performer, falling 1.6%, dragged by losses in Mahanagar Gas, IGL, BPCL, and IOC. Meanwhile Nifty Bank, IT, Auto, Metal, and PSU Bank indices declined between 1% and 1.5%. In the broader market, the Nifty Midcap index slipped 1.1%, and the Nifty Smallcap100 dropped 1.5%. The market capitalisation of all listed companies on the BSE fell by Rs 5.52 lakh crore to Rs 444.06 lakh crore. Here are key reasons behind today's stock market crash Live Events 1) Israeli strike on Iran The selloff was triggered by Israel's military strike on Iran early Friday. Israel said it targeted nuclear facilities, missile factories, and top military commanders in a 'preemptive strike' to stop Tehran from developing nuclear weapons. A state of emergency was declared in Israel in anticipation of retaliatory missile and drone attacks. Iranian state media confirmed the death of Hossein Salami, Commander of Iran's Revolutionary Guards. Israeli officials also claimed that several senior Iranian military officials and nuclear scientists were likely killed. U.S. Secretary of State Marco Rubio called the strike a "unilateral action" by Israel and clarified that Washington was not involved. The attack comes amid stalled nuclear talks, with a sixth round of negotiations between the U.S. and Iran scheduled in Oman on Sunday. 2) Oil prices surge on supply fears Brent crude futures jumped $6.29, or 9.07%, to $75.65 a barrel by 03:15 GMT after touching an intraday high of $78.50 — the highest since January 27. U.S. West Texas Intermediate (WTI) crude climbed $6.43, or 9.45%, to $74.47 a barrel, after hitting $77.62, the highest since January 21. These were the sharpest intraday gains for both benchmarks since 2022, when Russia invaded Ukraine, leading to a spike in energy prices.
Business Standard
2 days ago
- Business
- Business Standard
Benchmarks trade with minor gains; oil & gas shares gain
The key equity indices witnessed small gains in afternoon trade, lifted by positive global trade developments. Optimism from Asian markets and hopeful signals from US-China trade negotiations in London boosted investor sentiment. The Nifty traded above the 25,100 level. Oil & gas shares advanced after declining in the past trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, added 122.24 points or 0.15% to 82,513.96. The Nifty 50 index rose 38.10 points or 0.15% to 25,140.30. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.27% and the S&P BSE Small-Cap index fell 0.26%. The market breadth was positive. On the BSE, 2,078 shares rose and 1,916 shares fell. A total of 144 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.10% to 13.72. Buzzing Index: The Nifty Oil & Gas index rose 1.50% to 11,729.25. The index shed 0.08% in the past trading session. Oil India (up 5.74%), Bharat Petroleum Corporation (up 3.91%), Hindustan Petroleum Corporation (up 2.51%), Indian Oil Corporation (up 1.96%), GAIL (India) (up 1.4%), Oil & Natural Gas Corpn (up 1.27%), Reliance Industries (up 0.9%), Mahanagar Gas (up 0.7%), Petronet LNG (up 0.29%) and Gujarat Gas (up 0.29%) advanced. On the other hand, Adani Total Gas (down 2.73%), Castrol India (down 2.67%) and Indraprastha Gas (down 1.43%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.19% to 6.275 from the previous close of 6.287. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.5425 compared with its close of 85.5700 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.47% to Rs 97,356. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.03% to 99.01. The United States 10-year bond yield rose 0.25% to 4.484. In the commodities market, Brent crude for August 2025 settlement rose 11 cents or 0.16% to $66.98 a barrel. Stocks in Spotlight: Minda Corporation shed 0.77%. The company announced a joint venture with Japan-based Toyodenso Co. for advanced automotive switches for the Indian market. IIFL Finance rose 0.61%. The companys board has approved raising funds aggregating to Rs 600 crore through non-convertible debentures (NCDs) on a private placement basis.
