The start of Wednesday proved extremely unfavorable for investors. As soon as trading began, both indices, Sensex and Nifty, experienced a sharp decline. The drop was provoked by renewed tensions between the United States and Iran.
The Sensex index, which comprises 30 stocks from the Bombay Stock Exchange, lost over 700 points. Simultaneously, the Nifty index of the National Stock Exchange also showed a significant decrease, exceeding 250 points immediately after the opening of trading.
The situation intensified against the backdrop of Donald Trump adopting a military stance and declaring control over the Strait of Hormuz. Furthermore, intensive attacks on Iran began from the US side.
At the start of trading on Wednesday, the BSE Sensex began its downward movement, falling from the previous close of 76,944 to 76,471, and then rapidly collapsed to 76,135. The NSE Nifty followed the steps of the Sensex, also experiencing a sharp decline since the opening. This index, which includes 50 stocks, opened in negative territory at 23,858 compared to the previous close of 24,055 and soon continued to fall to 23,786.