Stock Market LIVE Updates, Sensex Today: Sensex Opens 660 Points Lower As US-Iran Tensions Escalate
Indian benchmark indices opened sharply lower on Wednesday as escalating geopolitical tensions between Iran and the United States triggered a global risk-off sentiment. The Sensex dropped over 660 points in early trade, driven by a significant surge in international crude oil prices.
The Indian stock market faced significant selling pressure at the opening bell, with the BSE Sensex tumbling more than 660 points. This decline follows a series of missile strikes and retaliatory threats in the Middle East, which have unsettled global investors and led to a retreat from riskier assets like equities.
Crude oil prices witnessed a sharp spike of 3% during early trading hours, with Brent crude climbing above the $78 per barrel mark. Analysts suggest that the potential for supply chain disruptions in the region is the primary driver behind the sudden appreciation in energy costs, further weighing on import-dependent economies like India.
Market breadth remained weak as several heavyweights across the banking, IT, and automobile sectors traded in the red. Investors are currently monitoring further geopolitical developments and the potential impact on global inflation and central bank monetary policies in the coming weeks.
Source: Sensex Today Live Updates
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