Indian equity benchmarks opened lower on Monday, with the BSE Sensex and Nifty 50 falling nearly 1% in morning trade.
The sell-off was driven by renewed geopolitical tensions between the United States and Iran, which pushed oil prices higher and revived macroeconomic concerns among investors.
This move follows a severe late-day rout on Tuesday, when the Sensex plunged 1,677 points as geopolitical fears overshadowed domestic fundamentals.
The India VIX, the market’s gauge of expected volatility, jumped 10%, signaling a sharp rise in risk aversion.
This move follows a severe late-day rout on Tuesday, when the Sensex plunged 1,677 points as geopolitical fears overshadowed domestic fundamentals.
The Nifty 50 had previously slipped below the critical 24,000 level, with heavy selling concentrated in the information technology and metals sectors.
The current decline highlights the sensitivity of Indian markets to external shocks, particularly in the energy sector.