Sensex falls 600 points, Nifty below 23,000: Oil above $100 among 7 triggers behind today's D-St crash
Why it matters: Geopolitical tension and soaring oil are driving a fresh market plunge, forcing investors to reassess risk exposure.
- Sensex/Nifty fell sharply (‑610 and ‑183 points) after last week’s 8% crash, wiping out roughly ₹5 lakh crore in market value.
- Oil prices stayed above the $100 barrier (Brent $104.7, WTI $99.45) as the Strait of Hormuz remained effectively shut amid the Iran‑Israel war.
- Iran‑Israel conflict escalated, with U.S. President Trump threatening further strikes on Iran’s Kharg Island and urging a coalition to escort ships through the Hormuz corridor.
- Top losers on the Sensex included Bharat Electronics, Power Grid, TCS, Infosys, NTPC and Bharti Airtel, each sliding 2‑3%.
- Top gainers such as UltraTech Cement, IndiGo, Tata Steel and HDFC Bank bucked the trend, posting modest advances.
India’s benchmarks slumped again, with the Sensex down 600 points and the Nifty slipping below 23,000 as oil surged past $100 on heightened Iran‑Israel hostilities. The sell‑off erased about ₹5 lakh crore in market cap, while a mix of tech losers and selective gainers painted a volatile picture for investors.
