Stock Markets Crash, Sensex Fall Over 1,000 Points, Nifty Tests 24,500

The BSE Sensex rang the opening bell below 79,500, crashing a little over 550 points, while the NSE Nifty50 started trading around 24,600, tanking more than 150 points, as of 9:15 AM.

In contrast, Japan’s Nikkei 225 slipped marginally by 0.02 per cent, and South Korea’s Kospi declined 1.77 per cent.

Source : ABPLIVE AI

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Key points generated by AI, verified by newsroom

• Indian indices Sensex and Nifty experienced significant drops on Friday.
• Geopolitical tensions and rising oil prices are impacting investor sentiment.
• Global markets showed mixed performance, with Wall Street closing lower.

The Indian benchmark indices crashed on Friday as the Sensex fell 1,017 per cent to settle at 78,998.53 and the Nifty fell 296.80 points to close trade at 24,469.10 at 3:30 PM.

In the 30-share BSE Sensex, among the top gainers were stocks such as Bharat Electronics, Reliance, Sun Pharmaceutical, NTPC and Infosys. Meanwhile, the laggrds included stocks like PowerGrid, TechMahindra, Asian Paints, Mahindra and Mahindra and ITC. 

In the broader markets, the Nifty 100 fell 1.12 per cent as volatility remained high. Sectorally, the Nifty Private Bank index tumbled 2.27 per cent and the Nifty Chemicals index jumped 0.17 per cent.

The BSE Sensex rang the opening bell below 79,500, crashing a little over 550 points, while the NSE Nifty50 started trading around 24,600, tanking more than 150 points, as of 9:15 AM.

Geopolitical Tensions Keep Oil Prices In Focus

Market participants remained cautious as ongoing geopolitical tensions in the Middle East continued to fuel concerns about a resurgence in global inflation. Elevated energy prices could complicate the monetary policy outlook if inflationary pressures intensify.

Crude oil prices moved above the $80 per barrel mark overnight. Although Brent futures edged slightly lower on Friday to $84.64, the high price levels continued to weigh on investor sentiment.

Global Markets Send Mixed Signals

Overseas markets delivered a mixed performance. In Asia, China’s Shanghai index rose 0.25 per cent while the Shenzhen index gained 0.8 per cent. Hong Kong’s Hang Seng advanced 1.72 per cent.

In contrast, Japan’s Nikkei 225 slipped marginally by 0.02 per cent, and South Korea’s Kospi declined 1.77 per cent.

Wall Street Closes In The Red

US markets ended the previous session in negative territory, reflecting heightened risk aversion among investors.

The Nasdaq fell 0.26 per cent, the S&P 500 dropped 0.56 per cent, and the Dow Jones Industrial Average declined 1.61 per cent.

Institutional Flows Continue to Guide Market Direction

Domestic market trends remained influenced by institutional activity. On March 5, Foreign Institutional Investors (FIIs) were net sellers of equities worth Rs 3,752 crore, according to exchange data.

Meanwhile, Domestic Institutional Investors (DIIs) bought shares worth Rs 5,153 crore, offering some support to the market.

Sensex, Nifty Rebound After Recent Losses

Benchmark indices closed Thursday’s session with gains of more than 1 per cent, ending their recent losing streak.

The Sensex rose 899.71 points, or 1.14 per cent, to settle at 80,015.90.

During intraday trading, the index climbed as much as 1,187.64 points, or 1.50 per cent, to reach 80,303.83 before paring some gains toward the close.

The Nifty also staged a strong recovery, advancing 285.40 points, or 1.17 per cent, to finish at 24,765.90, snapping its three-session decline.