Indian stock markets ended in the red, with the BSE Sensex falling over 700 points and Nifty 50 closing below 23,850. The decline came after rising geopolitical tensions following the breakdown of US–Iran talks.
Crude oil prices surged above $100 per barrel after the US announced aggressive actions in the Strait of Hormuz, raising concerns over global supply disruptions. This triggered panic selling across global markets, including India.
Despite the fall, markets recovered partially from intraday lows, indicating some buying at lower levels. Analysts believe volatility will continue until geopolitical clarity emerges.
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