West Asia Tensions Send Indian Indices Lower

The Hindu - Business · business

Indian equity markets experienced significant selling pressure on Monday, with benchmark indices Sensex and Nifty hitting six-month lows. The Sensex fell 1.52% to 72,771.72 points, and the Nifty50 declined 1.6% to 22,780.25. This marks the third instance in ten sessions where indices dropped over 1%. Investor sentiment was impacted by escalating West Asia conflict uncertainty and the US rejection of ceasefire proposals, raising concerns about prolonged tensions and potential supply disruptions. Broad-based selling was observed across all 21 sectoral indices on the NSE.