Indian Stock Market Plunges: Nifty50 Below 24,550, Sensex Falls 1,100 Points Amid Iran Tensions
Indian Markets Tumble: Nifty50 Falls Below 24,550, Sensex Drops Over 1,100 Points
India’s primary equity benchmarks, Nifty50 and BSE Sensex, experienced a sharp downturn in trading on Friday, June 13, 2025, triggered by global economic concerns. By 9:16 AM IST, the Nifty50 was trading at 24,547.30, down 341 points or 1.37%, while the BSE Sensex stood at 80,568.98, shedding 1,123 points, also down 1.37%. The plunge below 24,550 for Nifty50 underscored the impact of international market jitters.
Experts predict sustained market consolidation, closely tracking global economic trends and advancements in US-India trade negotiations. Israel’s recent military strike on Iran is expected to cast a shadow over investor sentiment in the immediate term, adding to market volatility.
On Thursday, the S&P 500 saw gains, driven by Oracle’s optimistic projections, which bolstered confidence in the AI industry. Oracle’s stock skyrocketed 13.3% to all-time highs after revising its annual revenue growth forecast upward, propelled by surging demand for AI-driven services. However, these gains were tempered by geopolitical unrest in the Middle East and a decline in Boeing’s shares.
Early trading on Friday revealed widespread declines across Asian markets, with US futures signaling a bearish outlook. Rising oil prices, spurred by Israel’s military action against Iran, pushed investors toward safe-haven investments like gold and the Swiss franc. The US dollar appreciated alongside other secure currencies, including the Japanese yen and Swiss franc, as markets reacted to the escalating tensions.
Foreign institutional investors sold shares worth a net Rs 3,831 crore on Thursday, while domestic institutional investors purchased a net Rs 9,894 crore. In the derivatives segment, foreign investors’ net short positions grew from Rs 86,594 crore on Wednesday to Rs 99,478 crore on Thursday, reflecting heightened caution.
“The surge in oil prices and geopolitical uncertainties are fostering a risk-off mood, impacting emerging markets like India,” noted Anil Sharma, Senior Market Analyst at Angel One. Investors are urged to exercise prudence as markets navigate these turbulent global conditions.