The Indian stock markets witnessed a Black Friday today. After beginning the session on a heavy note, both benchmark indices, Sensex and Nifty, continued to nosedive throughout the day. In the first hour of trading, both indices already crashed more than 1 per cent.
The unfortunate plane crash in Ahmedabad on Thursday took atleast 265 lives and weighed down the sentiment in the market today. Additionally, the escalating conflict between Israel-Iran compeletely shattered any hopes of recovery for investors. As such, oil prices hit the roof, rupee crashed, and gold surpassed Rs 1 lakh, further indicating the anxiety prevalent among investors.
The BSE Sensex ended trading at 81,118.60, taking a hit of close to 575 points, while the NSE Nifty50 plummeted more than 150 points to end a little 24,700.
On the 30-share Sensex platform, Tech M, TCS, Sun Pharma, and Maruti managed to emerge as the gainers. Meanwhile, the laggards were dominated by Adani Ports, ITC, IndusInd Bank, SBI, and HDFC Bank.
In the broader markets, the Nifty Financial Services led in red and crashed 0.92 per cent. Sectorally, the PSU Bank and FMCG indices logged the biggest losses and dragged 1.18 per cent and 1.05 per cent lower respectively. On the other hand, the Midsmall Healthcare index clocked marginal gains of 0.23 per cent.
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