Sensex falls 591 points as Nifty 50 drops 180 to 24,218.70 on US-Iran tensions and oil jump
US strikes on Iran and reported retaliation against Bahrain/Kuwait escalated Middle East risk, lifting Brent ~2.6% to ~$76.1/bbl and tightening perceived supply risk. Higher oil prices pressure large importers like India via inflation and current-account concerns, triggering broad equity risk-off (Sensex/Nifty down) and sector rotation away from fuel-sensitive industries. The shock also weakens EM risk appetite amid already soft global semiconductor sentiment.
Affected assets
NCCO1OILBRENT2USD/USDT+4.31%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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US military strikes on Iran and reported Iranian retaliatory attacks on Bahrain and Kuwait escalated Middle East tensions. Brent crude rose 2.6% to $76.1 a barrel, pressuring energy-importing markets. India’s Sensex slid 591 points and the Nifty 50 fell 180 points to 24,218.70, with airlines, financials and autos among the weakest on higher import-cost concerns. The geopolitical shock weighed on expectations for energy supplies and risk appetite across emerging markets.