Sensex crash today: Investors lose 6 lakh crore as markets fall. Key reasons why
Indian stock market tumbles as Iran's attack on Israel raises Middle East tensions, impacting investor sentiment and global economy.
Sensex Crash Today: Investor Sentiment Weakens After Iran's Retaliatory Attack on Israel 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.
The Sensex traded 800 points or 0.86% lower at 73,468.70, while the Nifty50 was at 22,330, down 190 points or 0.84%. The market capitalization of all listed companies on the BSE declined by ₹5 lakh crore to ₹394.68 lakh crore. Nifty PSU Bank, Realty, and Media opened with declines of over 2%, while Nifty Auto, Financial, Metal, Pharma, and Oil & Gas opened with losses between 1-2%. Is the Middle East Conflict to Blame for the Stock Market Crash? Iran's recent actions have heightened tensions in the Middle East.
The country 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 has launched a direct military assault on Israel. In response, Tel Aviv said that it has intercepted 99% of drones and missiles launched by Tehran. Israel praised the success of its defences and reported that the Iranian launches numbered more than 300, but 99% of them were intercepted.
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