Today’s Sensex Crash: India’s benchmark stock index today (April 15) fell from the start of the week following losses in Asian markets. This comes as investor sentiment remains sluggish due to growing concerns about the escalation of broader regional conflicts in the Middle East following Iran’s retaliatory attacks on Israel. Sensex was trading 800 points or 0.86% lower at 73,468.70 and Nifty50 was trading 190 points or 0.84% lower at 22,330.
Market capitalization of all listed companies on BSE decreased INRFrom 5 billion yen INR394.68 crore and Nifty PSU Bank, Realty, Media started with over 2% decline. Nifty Auto, Financials, Metals, Pharmaceuticals and Oil & Gas opened with losses of 1-2%.
Less than two weeks after two Iranian generals were killed inside a consulate building in what appeared to be an Israeli attack on Syria, Iran launched a drone missile attack on Israel. This was the first time Iran launched a direct military attack on Israel, and Tel Aviv subsequently announced that it had intercepted 99% of Iranian drones and missiles. Israel praised the success of its defenses and said Iran fired more than 300 shots, 99% of which were intercepted.
Asian markets remained cautious, with MSCI’s broadest index of Asia-Pacific stocks outside Japan falling 0.7% and Japan’s Nikkei stock average dropping more than 1%. Australia’s S&P/ASX 200 Index fell 0.6%, and Hong Kong’s Hang Seng Index fell 0.8%.
