Breaking News
1. Amit Shah to introduce bills for removal of PM, CMs, Ministers held on serious criminal charges in Lok Sabha today      2. Trump imposed tariffs on India to end Russia-Ukraine war, says White House      3. ‘Oil laundering’: Donald Trump’s trade czar paints India as villain in Russia-Ukraine war      4. China ready to supply fertilizer, rare-earths and tunnel machines to India      5. 3 Killed, Over 60 Injured In Aerial Firing During Pakistan's Independence Day Celebrations      6. Trump warns Russia of very severe consequences if Putin blocks Ukraine deal      7. Heavy rain batters Telangana; IMD warns of intense showers across North India      8. Massive space object could be alien probe on 'reconnaissance mission,' expert warns      9. Trump weighs major marijuana policy move that would reclassify the plant      10. Illinois Gov Pritzker pressed on billionaire status by NBC's Kristen Welker      11. 'Progressive snowflake era' over as Hollywood studios abandon woke programming      12. 'Bureau bloodbath': Trump FBI leaders face backlash after ousting key agents      13. "We'll Take Half World Down With Us": Pak Army Chief Asim Munir's Nuclear Threat In US      14. Anas Al Sharif among 5 Al Jazeera journalists killed in Israeli strike in Gaza      15. After UK and France, Australia to recognise Palestine but with condition: ‘No role for Hamas’      16. Trump's tariffs on India alarm US manufacturers: Former Governor Chris Sununu      17. Ukraine's Volodymyr Zelensky may get the Trump-Putin summit invite as White House considers move: Report      18. Meteorite fragment that slammed through homeowner's roof is billions of years old, predates Earth: professor      19. Trump nominates ex-Fox News host Tammy Bruce as deputy UN ambassador      20. Cuomo demands NYC mayoral hopeful 'move out immediately' from $2,300 apartment     

Indian stocks plunge amid Middle East tensions

Mumbai, April 15: Indian stock markets on Monday started the week on a weak note, with key indices tumbling amidst growing geopolitical tensions in the Middle East.

April 15: Indian stock markets Image Source -Photo Credit: Reuters


73,468.70, a decline of 0.86%, while the Nifty50 index fell by 190 points, ending the day at 22,330, reflecting a loss of 0.84%.

This decline in Indian equities was in line with a broader sell-off in Asian markets, triggered by escalating military actions in the Middle East.

Investor sentiment was heavily impacted after Iran launched a retaliatory attack on Israel, stoking fears of a potential escalation into a wider regional conflict. This geopolitical unrest has made investors wary, causing a flight to safer assets.

Reflecting the bearish mood, the market capitalization of all listed companies on the Bombay Stock Exchange (BSE) plummeted by ₹5 lakh crore, settling at ₹394.68 lakh crore. Sector-wise, there were significant downturns noted across the board.

Nifty PSU Bank, Realty, and Media sectors were the hardest hit, each falling by over 2%. Other major sectors such as Nifty Auto, Financial, Metal, Pharma, and Oil & Gas also saw losses ranging between 1% and 2%.

In a similar trend, major Asian stock markets also witnessed declines. MSCI's broadest index of Asia-Pacific shares outside Japan dropped by 0.7%. Japan's Nikkei 225 suffered a more considerable loss, sliding over 1%. Additionally, Australia's S&P/ASX 200 index fell by 0.6%, and Hong Kong's Hang Seng Index decreased by 0.8%.

As the geopolitical situation continues to unfold, the volatility in global markets is expected to persist, with investors closely monitoring developments for further signs of instability that could impact global economic stability and market sentiment.

Author
No Image
Author
Arijit Dutta

You May Also Like