Sensex sinks as US-Iran fire & Japan kaiju singe D-St
The Indian stock market experienced a sharp decline on Wednesday, with the Sensex falling around 1% briefly before recovering some losses as tensions escalated between the United States and Iran, soaring oil prices, and other factors spooked investors. The Sensex opened at 76,200 and plummeted over 750 points, closing 374 points lower at 76,570.
The Nifty 50, which opened below 23,800, slipped further, ending 141 points lower at 23,914. The decline wiped out nearly Rs 5 lakh crore from the total market capitalization of BSE within minutes of the opening bell. Asian Paints, HDFC Bank, and M&M shares led the losses, while HCL Tech, Bharat Electronics, Infosys, SBI, and IndiGo shares fell over 1% each.
Adani Ports, Bajaj Finserv, and Power Grid shares, however, rose 1-2% to lead gains on the benchmark index.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
