Indian Stock Market Tumbles—Sensex Drops 573 Points, Nifty Slips Below 24,750 Amid Global Uncertainty

The Indian stock market benchmarks, Sensex and Nifty 50, witnessed a sharp decline on Friday, June 13, tracking losses in major Asian indices, including Japan’s Nikkei and South Korea’s Kospi. Investor sentiment was shaken by heightened geopolitical tensions between Israel and Iran, leading to broad-based market weakness.

The Sensex opened at 80,427.81, down from its previous close of 81,691.98, and plunged over 1,300 points or 1.6%, hitting an intraday low of 80,354.59. Meanwhile, the Nifty 50 started at 24,473, significantly lower than its last close of 24,888.20, and dropped 1.7%, touching an intraday low of 24,473.

Despite the sharp early losses, the indices managed to recover some ground before the closing bell. The Sensex settled at 81,118.60, down 573 points or 0.70%, while the Nifty 50 closed at 24,718.60, losing 170 points or 0.68%.

The BSE Midcap and Smallcap indices showed relative resilience, ending 0.32% and 0.30% lower, respectively. The overall market capitalization of BSE-listed firms declined to ₹447.2 lakh crore, down from ₹449.6 lakh crore in the previous session, resulting in an estimated ₹2.4 lakh crore wealth erosion for investors.

The market downturn reflects heightened risk aversion, with investors closely monitoring geopolitical developments and global economic signals. Analysts suggest that volatility may persist, with upcoming domestic and international events likely to influence market direction in the coming weeks.

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