!Nifty

It’s a brutal day on Dalal Street. The market is witnessing a deep correction as geopolitical tensions in the Middle East escalate, sending crude oil prices surging and triggering a "risk-off" sentiment globally. Key Indices PerformanceNifty 50: Trading near 22,308, down a massive 510 points (2.24%). It has decisively broken the crucial 22,500 support ***** Crashed over 1,731 points, trading around 71,***** Nifty: The biggest drag, down 2.6%, struggling to hold the 51,300 ***** VIX: Surged over 7% to 26.8, indicating extreme fear and volatility in the near term. Why is the Market Falling?US-Iran War Jitters: Reports of large-scale military buildups and potential ground operations in the Middle East have spooked global ***** Oil Spike: Brent crude has jumped to $116-$117 per barrel. For an import-dependent economy like India, this raises serious inflation and fiscal deficit ***** FX Capping: The RBI recently directed banks to cap net open rupee positions in the FX market, which has put additional pressure on banking ***** Outflow: Foreign investors have pulled out over ₹1.14 lakh crore in March alone—the worst monthly outflow on record.