Indian stock markets fell sharply today as global tensions rattled investors. Sensex dropped 1,744 points to close at 76,436 while Nifty lost 532 points to finish at 23,866. The fall followed strong remarks from US President Donald Trump on Iran, which lifted oil prices by 5% and pushed volatility up by 20%.
Almost all major indices ended lower. Bank Nifty fell nearly 1,000 points but stayed above 58,000 support. India VIX surged more than 20%, showing investor fear. Out of 50 Nifty stocks, 47 declined, reflecting broad weakness.
Key losers included Jio Finance down 5%, Shriram Finance down 4.5%, IndiGo down 4.5% and Maruti Suzuki down 3.5%. IT stocks also faced pressure though analysts advised holding TCS due to strong AI business and debt‑free balance sheet. Banking counters like Indian Overseas Bank saw mixed views with near‑term weakness but long‑term potential.
Other updates included Fortis Healthcare reappointing Ashutosh Raghuvanshi as MD and CEO. EPF announced 8.25% interest crediting for FY25‑26 with ₹1.44 lakh crore to be credited by July 15. Analysts also predicted gold could surge to $6,000 per ounce in two years.