Live: Sensex crashes 1,700 points, Nifty below 23,900; VIX jumps sharply | Closing Bell
Indian equity markets ended the session with heavy losses as escalating geopolitical tensions and a sharp spike in global risk aversion triggered broad-based selling across sectors. The Sensex plunged nearly 1,700 points, while the Nifty slipped below the 23,900 mark, marking one of the sharpest single-day declines in recent months. Market volatility surged, with the India VIX jumping sharply as investors rushed to reduce risk.
The sell-off was driven by rising crude oil prices, renewed tensions in West Asia following fresh US-Iran developments, and concerns over the impact of higher energy prices on inflation and corporate earnings. Weak global cues, rising US Treasury yields, and a stronger US dollar further weighed on investor sentiment, leading to heavy selling in banking, IT, auto, financial, and broader market stocks.
Despite the sharp correction, market experts believe investors should closely track geopolitical developments, crude oil prices, foreign institutional investor flows, and upcoming macroeconomic data for direction. Attention will also remain on corporate earnings, which could determine whether the current decline is a short-term reaction or the beginning of a broader market correction.
Catch all the highlights from today’s Closing Bell, including the biggest gainers and losers, sector-wise performance, key market drivers, expert insights, and what investors should watch ahead in the next trading session.
