Indian equity benchmarks opened sharply lower on Monday, July 13, as renewed geopolitical tensions triggered widespread risk aversion across global markets.
The sell-off was driven by reports of fresh United States military strikes on Iran over the weekend, which have escalated concerns about regional stability and potential supply chain disruptions.
This marks a further deterioration in sentiment following losses on Tuesday, when the Sensex slid more than 520 points and the Nifty 50 breached the 24,000 level.
The BSE Sensex and Nifty 50 both declined at the open, continuing a downward trend that has persisted through the week.
This marks a further deterioration in sentiment following losses on Tuesday, when the Sensex slid more than 520 points and the Nifty 50 breached the 24,000 level.
The broad-based nature of the decline suggests investors are moving to the sidelines amid uncertainty.
Despite the overall weakness, the information technology sector bucked the trend, showing relative resilience compared to other segments.