Why is market falling today? Sensex slumps over 850 points: 7 key factors behind Rs 5 lakh crore rout
The Indian stock market experienced a significant decline, driven by rising oil prices, foreign institutional investor selling, and escalating tensions between the US and Iran. The market saw high volatility as investors reacted to reports of naval blockades and military strikes in the Red Sea.
Why it matters
Geopolitical conflicts in the Middle East are directly impacting global energy prices and causing instability in major emerging markets like India.
The Indian stock market extended losses for the fifth consecutive session, with Sensex and Nifty tumbling more than 1% intraday before paring most of the losses and closing 0.4% lower each on Friday as oil prices above $100 per barrel, FII selling and other factors spooked investors.Sensex fell 332 points to close at 76,059.77, while Nifty 50 declined 102 points to end the session at the 23,767 mark during Friday's trading session. Broader markets also saw a sharp recovery after a sharp crash in the morning trading hours, with Nifty Midcap 50 index closing in the green.Eternal, Bajaj Finance, M&M and Bharti Airtel shares dropped more than 2% each to lead losses on Sensex, while Infosys and Asian Paints fell over 1% each.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in