Markets Plunge on Geopolitical Escalation: Nifty Sinks 400 pts, Sensex Crashes 1,200
Indian markets opened sharply lower on the final trading day of the week, with the Nifty tumbling over 400 points to its lowest in weeks, and the Sensex collapsing by 1,200 points. The sharp sell-off follows a dramatic escalation in Middle East tensions — Israel launched a ‘preemptive’ strike on Iran, triggering explosions in Tehran and sending global markets into turmoil.
🔻 GIFT Nifty plunged over 300 points, hinting at a weak start
🔻 Asian markets are deep in red, with Nikkei & KOSPI down over 1%
🔻 US futures slipped, despite a positive inflation print
Three Key Factors Dragging Markets Today:
- Geopolitical Tensions
The Middle East crisis intensified with Iran threatening to target US bases if nuclear talks fail. Crude oil spiked past $70/barrel, boosting stocks like ONGC and Oil India, while weighing on broader sentiment. - Unclear US-China Deal
President Trump’s vague announcement of a deal with China lacked clarity, and with no response from Beijing, uncertainty persists. - Technical & Expiry Pressure
The 25,200 mark remains a strong resistance for Nifty. Wednesday’s intraday move above this level failed to hold. Meanwhile, Nifty Bank underperformance and weekly expiry volatility add pressure.
💼 Stocks to Watch:
- CDSL & BSE after recent profit booking
- Defence stocks, which dipped despite order wins
- Oil-sensitive counters amid crude rally
📉 Brace for a volatile day ahead. Stay tuned for real-time market updates.
