Stock Market Slumps Today: Nifty, Sensex Drop Over 1% Amid Escalating Middle East Tensions;

INDIGO

,

LTTS

Among Major Decliners

The Nifty 50 closed 312 points lower, down 1.24%, at 24,865, while the BSE Sensex finished 1,048 points in the red at 80,238. India’s benchmark equity gauges witnessed a sharp decline on Monday, tracking a worldwide selloff sparked by the intensifying Middle East conflict, now entering its third consecutive day with no visible signs of easing. During intraday trade, both the Nifty 50 and the BSE Sensex tumbled more than 2% before trimming some losses by the close. Broader indices mirrored the weakness, as the Nifty Midcap 150 and Nifty Smallcap 250 dropped 1.7% and 1.9%, respectively. Heavyweight stocks such as

n & Toubro and exerted significant pressure on the blue-chip Nifty index. InterGlobe Aviation (IndiGo) and L&T emerged as the steepest percentage losers of the session. Out of 15 sectoral indices on the NSE, 12 ended in negative territory, led by declines in auto and energy stocks. However, defence, metal, and pharma shares managed to close in positive terrain. The Indian rupee weakened amid surging crude oil prices and concerns over potential disruptions to exports to Gulf nations, dampening overall macroeconomic sentiment. Global cues remained subdued, with European markets opening lower, while major Asian benchmarks including the Nikkei, Hang Seng, and Kospi ended the session sharply down. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.