Sensex crashes over 700 points, India VIX jumps 10%; 5 key factors driving the stock market down explained
The Indian stock market experienced significant volatility on July 13, driven by rising US-Iran tensions and a spike in crude oil prices. While indices initially fell, they recovered by the end of the session due to gains in the IT sector.
Why it matters
Geopolitical instability in the Middle East directly impacts global energy prices and emerging market equity performance.
The Indian stock market suffered significant intraday losses on Monday, 13 July, with the benchmarks, the Sensex and the Nifty 50, falling nearly 1% each amid weak global cues.The Sensex dropped over 700 points, or nearly 1%, to an intraday low of 76,857, while the Nifty 50 shed more than 200 points, or nearly 1%, to an intraday low of 24,000.However, the indices erased losses and ended flat, largely due to gains in the IT stocks. What drove the stock market down today?Experts highlight the following five factors behind the intraday crash in the stock market:1.
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