Sensex Plunge: Investors Suffer 6 Lakh Crore Loss as Markets Tumble – Unraveling the Key Reasons
Sensex crash today: Investor sentiment remained weak after Iran’s retaliatory attack on Israel sparked fears of a wider regional conflict in the Middle East.
Sensex crash today: Indian benchmark equity indices fell today (April 15) starting the week on a lower note tracking losses in Asian markets. This comes as investor sentiment remained weak after Iran’s retaliatory attack on Israel sparked fears of a wider regional conflict in the Middle East. Sensex traded 800 points or 0.86% lower at 73,468.70 while Nifty50 was at 22,330, down 190 points or 0.84%.
Market capitalization of all listed companies on BSE declined by ₹6 lakh crore to ₹394.68 lakh crore and Nifty PSU Bank, Realty, and Media opened with declines of over 2%. Nifty Auto, Financial, Metal, Pharma, and Oil & Gas opened with losses between 1-2%.
Iran launched a drone missile attack on Israel, less than two weeks after a suspected Israeli strike in Syria killed two Iranian generals in a consular building. This marks the first time Iran launched a direct military assault on Israel following which Tel Aviv said that it has intercepted 99% of drones and missiles launched by Tehran. Israel praised the success of its defenses and said that the Iranian launches numbered more than 300, but 99% of them were intercepted.
How Asian Markets performed?
Markets in Asia remained cautious as well as MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7% while Japan’s Nikkei slid more than 1%. Australia’s S&P/ASX 200 index shed 0.6% and Hong Kong’s Hang Seng Index fell 0.8%.
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