Synopsis : Indian markets plunged sharply amid escalating geopolitical tensions between Israel and Iran, triggering global selloffs and a spike in oil prices. The Sensex dropped over 1,000 points and Nifty struggled to hold 24,600, as volatility surged and Oil Marketing Companies bore the brunt.
Share Market Live: War Tensions Shake Global Markets, Indian Indices Dive
Indian equity benchmarks witnessed a steep drop on Thursday morning as mounting tension between Israel and Iran spooked global markets. The Sensex fell over 1,000 points in early trade, while the Nifty hovered around the 24,600 mark, reflecting a drop of more than 1%.
The India Volatility Index (VIX) surged over 8%, signaling heightened investor fear and uncertainty.
Geopolitical Shock: Israel Strikes Iran Nuclear Site
Tensions escalated dramatically after Israel launched an airstrike on Iran’s main uranium enrichment facility, according to Reuters. Israeli PM Benjamin Netanyahu called it a “decisive moment,” confirming plans to continue targeting Iran’s nuclear infrastructure and missile plants over coming days.
This military escalation has rattled global equity markets, triggered a flight to safe-haven assets, and raised concerns over a larger West Asia crisis.
Oil Market Jitters: Brent Crude Soars 7%
The attack on Iran’s nuclear facilities sparked concerns over global oil supply disruptions, sending Brent Crude prices up by more than 7%. JPMorgan warned that prices could surge to $120 per barrel if the situation worsens.
This has led to a sharp selloff in Oil Marketing Companies (OMCs):
HPCL, BPCL, IOC all down over 3%
Fuel margin fears and import cost concerns weighed heavily on sentiment
Adani Group, Global Cues Add to Pressure
Adani Group stocks saw significant selling pressure amid risk-off sentiment. Additionally, Dow Futures plunged over 600 points, while Asian markets also turned red:
Nikkei 225 fell 1.28%
Kospi down nearly 1%
Kosdaq dropped 1.82%
Topix lost 1.22%
Why Are Markets Falling? – 3 Key Reasons:
Israel-Iran conflict escalates: Raises the risk of regional war and energy crisis.
Brent Crude spike: +7% on supply disruption fears.
Global selloff: Dow Futures fall 600+ points, Asia markets tumble.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Always consult with a qualified financial advisor before making market decisions.
