Sensex Crashes Over 1,600 Points; Nifty Slips Below 24,400

Indian stock markets witnessed a steep selloff at the opening bell today, mirroring global weakness. The BSE Sensex tumbled 1,649 points (2.06%) to 78,589, while the Nifty 50 dropped 465 points (1.87%) to 24,400. The sharp decline was driven by escalating geopolitical tensions in the Middle East, surging crude oil prices, and risk aversion among global investors.

Market experts noted that frontline banking and infrastructure stocks bore the brunt of the selloff, while volatility spiked with the India VIX rising nearly 14%. Analysts warn that further downside could be triggered if Nifty breaches key support levels, as global uncertainty continues to weigh on sentiment.

Key Highlights

• Sensex Crash: Fell 1,649 points to 78,589 at open.
• Nifty Decline: Dropped 465 points to 24,400.
• Global Risk-Off: Middle East conflict and crude oil rally spooked investors.
• Sector Impact: Banking, infrastructure, and energy stocks hit hardest.
• Volatility Surge: India VIX jumped ~14%, signaling heightened uncertainty.

Sources: Firstpost, MoneyControl, The Economic Times