Here’s a quick wrap-up of Friday’s action on Dalal Street and beyond:

- Indian benchmarks tumbled hard • BSE Sensex slid 573 pts to 81,119, while the Nifty 50 gave up 170 pts, closing at 24,719 • Bank Nifty plunged 555 pts to 55,527; the mid-cap gauge lost 213 pts to 58,227 - Sector movers • Financials were the big laggards—HDFC Bank, Kotak and IndusInd dragged the market lower[]. • Safe-haven plays outperformed: Manappuram Finance jumped ~3%, and defence stocks saw buying BEL and HAL both rallied ~2% - Global cues turned bearish • Asian equities opened deep in the red (Nikkei & Kospi down >1%) after U.S. futures slipped • Brent crude popped above $70/bbl on renewed Middle East tensions, stoking oil-sensitive stocks like ONGC and HPCL - What rattled markets? Israel’s preemptive strike on Iran escalated geopolitical risk, sending investors scrambling into gold and government bonds and sparking a risk-off mood across global bourses