Indian equity benchmarks ended sharply lower on Friday, marking the sharpest single-day decline since the Gulf war began on February 28, with about ₹33.8 lakh crore of market capitalisation having been wiped out in the two weeks since then. With both sides showing no sign of relenting and the Strait of Hormuz effectively closed, crude oil prices stayed at $100 per barrel, triggering broad-based selling across sectors.
The BSE Sensex fell 1,470.50 points, or 1.93%, to close at 74,563.92, while the Nifty 50 declined 488.05 points, or 2.06%, to settle at 23,151.10, slipping below the 23,200 mark. Both indices ended at their lowest since April 2025. Market breadth remained weak, with 858 shares advancing, 3,439 declining and 124 remaining unchanged out of 4,421 shares traded.
Since the war began, Indian equity markets have seen a sharp correction, with the Nifty 50 falling about 2,028 points, or nearly 8%, and the Sensex declining around 6,700 points, or about 8.3%, by Friday.
ETMarkets.com
ETMarkets.com