Why Is Stock Market Falling Today? Nifty Crashes 480 Pts, Sensex Down 1,600 Amid Iran-US War, Hormuz Blockade

Stock Market Crash: Nifty 50 crashed around 483 points on Monday to open at 23,566.7, while the BSE Sensex tumbled close to 1,600 points to trade near 75,948 in the early minutes after the stock market opening.

The benchmark stock indices failed to hold on to gains from the previous sessions, as the Iran-US war, crude oil price shock, and other geopolitical concerns weighed on investor sentiment. The Indian stock market opening today tracked the weaker sentiment prevailing across other Asian markets, with indices such as the Hang Seng Index and KOSPI Composite Index down around 1.5% during the day.

The gap-down opening of the Indian stock market today has come after US President Donald Trump warned of implementing a Strait of Hormuz blockade from 10 am onwards on Monday. The development has come after the high-stakes peace talks between US and Iran failed in Pakistan on Sunday. The development has come as a major setback and has already fuelled the crude oil prices above $100 per barrel mark.

Earlier on Monday, benchmark indices Nifty 50 and BSE Sensex declined sharply in the pre-opening session, with the Nifty 50 falling close to 1.92% and the Sensex dropping nearly 2%. This comes after a strong previous week, during which both indices rallied around 4%, marking one of their best weekly performances in recent years.

Stock Market Today: Top Gainers, Top Losers

IndiGo, Eicher Motors, Asian Paints, Bajaj Finance, Jio Financial Services, and Maruti Suzuki were among the top losers on the Nifty 50. Meanwhile, Coal India, ONGC, Bajaj Auto, and NTPC were among the least impacted stocks, although they continued to trade in the red.

Stock Market Today

While the Nifty 50 crashed close to 480 points in the first fifteen minutes of the stock market opening, the benchmark index appeared to be recovering from its lowest and was trading 23,630. Nifty Bank was down close to 2.2% at 9:44 am, with Union Bank, IDFC First Bank, Canara Bank, PNB trading nearly 3% lower.

Broad market indices also took a hit due to the stock market crash on Monday. Nifty 100, Nifty 200, and Nifty 500, Nifty Midcap 50, Nifty Midcap 100, etc were trading nearly 1.5% lower.

India Vix Jumps 13%

India Vix, the gauge to measure stock market volatility in a trading session, was up close to 12.13%. It indicates heightened investors' concerns around the repercussions of the failure of the Iran-US war peace talks and the fear of a complete Strait of Hormuz blockade.

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