Investor sentiment took a severe hit on Wednesday after fresh geopolitical tensions involving the United States and Iran rattled global markets, triggering a sharp sell-off on Dalal Street.
What began as a moderate decline in early trade turned into a full-blown market rout after US President Donald Trump reportedly reiterated that there would be no deal with Iran, fuelling fears of a prolonged conflict in the region and its potential impact on the global economy.
The benchmark Sensex, which had opened with losses of around 600 points, witnessed a steep decline during the session and plunged more than 1,800 points. Similarly, the Nifty, which was down nearly 190 points in early trade, extended its losses to more than 500 points as panic selling intensified.
The Sensex, which had closed at 78,180.72 points on Tuesday, slipped to 76,382.25 during Wednesday’s trading session, marking a fall of nearly 1,800 points.
The Nifty, which had settled at 24,398.70 in the previous session, opened at 24,259.55 before sliding further to 23,844.50, registering a decline of more than 550 points. The sharp fall wiped out significant investor wealth and reflected growing concerns over geopolitical uncertainty and its impact on financial markets worldwide.
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