Another Bruising Day on D-Street, Sensex Ends Session Deep in Red MUMBAI: A deteriorating geopolitical situation in West Asia and weak global market conditions triggered a sharp sell-off on Dalal Street on Monday, leading the Sensex to plunge nearly 2,500 points. However, late in the session, stocks recovered some losses as traders speculated about an address by US President Donald Trump later in the day. The index closed at 77,566 points, down 1,353 points (1.7%), marking its lowest close since April 16, 2025. The Nifty 50 also followed a similar trend, ending at 24,028 points, a decline of 422 points (1.7%). This marked the fourth consecutive losing session for both indices in the last five since the war began on February 28. The weekend’s events, as the conflict entered its second week, saw the US-Israel alliance intensifying attacks on Iran with bombs and missiles. In response, Iran launched heavy retaliation, targeting US military assets in Gulf nations and surrounding areas. This escalation sent Asian markets plunging at the start of the week, dragging investor sentiment on Dalal Street. By the close of trading, investors faced a loss of nearly Rs 8.6 lakh crore, with BSE’s market capitalisation standing at Rs 441.1 lakh crore. Ajit Mishra, SVP—Research at Religare Broking, attributed the domestic market’s decline to negative global cues and rising geopolitical tensions. Since the war began on February 28, the Sensex has lost over 3,700 points (4.6%). Mishra highlighted that escalating tensions in West Asia drove crude oil prices to a peak of $119.5, raising concerns about inflation and economic growth. The surge in oil prices, a weak rupee, and continued foreign fund selling exacerbated the sell-off in domestic equities.#iran #gulf_nations #sensex #us_israel_alliance #religare_broking
