Sensex Plunges 250 Points as Nifty Falls Below 23,350 Amid US-Iran Tensions

Global Markets Reel as US-Iran Tensions Escalate

The benchmark equity indices Sensex and Nifty traded lower on Thursday, mirroring broader Asian markets, as renewed US-Iran fighting rattled investors globally. Despite conflicting signs of a de-escalation, investors remained cautious due to the escalating tensions.

The impact of the tensions was reflected in the performance of the Indian stock market. At around 9:30 am, the Sensex was down 0.53% at 23,282.45. The BSE Sensex also followed suit, losing 0.55% to 73,935.83 as of 9:15 a.m. IST.

The situation in the Middle East continued to deteriorate, with Iran striking Kuwait, damaging its airport and injuring dozens. The US military also carried out strikes near the Strait of Hormuz. This escalation in tensions has caused widespread concern among investors, leading to a decline in the global markets.

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