Indian stock markets started the week on a weak note, with heavy losses on Monday morning.
The BSE Sensex fell by more than 1,600 points to around 75,900, while the NSE Nifty 50 dropped over 400 points to about 23,600.The fall happened due to rising global tensions after talks between the United States and Iran failed, and crude oil prices increased sharply.Even before the market opened, there were big losses.
The Sensex had fallen over 3,600 points, and the Nifty dropped nearly 700 points, showing strong negative sentiment among investors.The main reason for this decline is growing tension in West Asia after US-Iran talks ended without any agreement. This has increased fears of instability in the region.
At the same time, oil prices have crossed $100 per barrel after the US announced a naval blockade in the Strait of Hormuz, raising concerns about global oil supply. This is worrying for India, as higher oil prices can increase inflation and put pressure on the economy.Last week, markets had risen strongly due to lower tensions and cheaper oil, but the current situation may reverse those gains.
Investors will now watch important data like inflation numbers and company results from major firms like Wipro, HDFC Bank, and ICICI Bank.Foreign investors are also selling shares, which is adding more pressure on the market.
This week will be shorter due to a holiday on Ambedkar Jayanti (April 14), and markets may remain unstable due to global developments.