Stock Market Crash Today: The Indian stock market nosedived in early trading on Thursday, with the Sensex plunging 1,264.2 points to 83,456.
The Nifty 50 index also fell 0.97%, settling at 25,548.4 points.
Twelve out of 13 major sectoral indices opened lower, with real estate and auto stocks taking the biggest hit. The market’s downturn aligns with a 1.5% drop in Asian markets.
The slump follows growing fears of an escalating conflict in the Middle East, heightened by Iran’s attack on Israel.
Among the 30 Sensex companies, Tata Motors, Asian Paints, Larsen & Toubro, Axis Bank, Mahindra & Mahindra, Reliance Industries, Maruti, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank were the top decliners.
“Domestic markets are expected to face significant selling pressure due to heightened concerns of an expanding conflict in the Middle East, which could result in potential disruptions to oil supplies—a critical import for India,” analysts at Centrum Institutional Equities told Reuters.
Among individual stocks, consumer goods company Dabur dropped 6% after predicting its first quarterly revenue decline since 2020.
Most brokerage stocks saw declines, with Motilal Oswal Financial Services and 5Paisa Capital both dropping around 2%, while Geojit Financial and SMC Global slipped by about 1% each, following tighter regulations on equity derivatives trading imposed by India’s market regulator.
