Sensex and Nifty Recover After Wiping Rs 5 Lakh Crore in Early Trade
· Business · Economic Times, Zee News
Indian equity markets recovered from sharp early losses on Wednesday as escalating US-Iran tensions, soaring crude prices, and global bond stress battered investor sentiment. The Sensex plummeted over 750 points in morning trade before closing 374 points lower at 76,570, while the Nifty 50 ended 141 points down at 23,914. The intraday selloff wiped out nearly Rs 5 lakh crore from the BSE market capitalisation within minutes of opening, dragging it down to Rs 488 lakh crore. Sectoral performance was mixed, with auto and IT stocks leading the decline while upstream oil and gas stocks gained on rising crude realization bets.
Why it matters
Retail investors and market participants face heightened volatility as geopolitical tensions and surging oil prices threaten domestic equities.
Read the original report — Economic Times
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