Business
Mayhem At The Markets Sensex and Nifty Plummets By Over 3% – Biggest Single Day Plunge Since June 2024
Snapping its three-day gaining streak, the 30-share BSE Sensex tanked 2,496.89 points or 3.26 per cent — its biggest single-day plunge since June 2024 — to settle at 74,207.24, a level not seen since April 7, 2025. During the day, it dived 2,753.18 points or 3.58 per cent to 73,950.95.
File Picture : ANI/X
Benchmark stock indices Sensex and Nifty plummeted by over 3 per cent to close at almost one-year lows as a sharp jump in crude oil prices and weak global trends, amid escalating strikes on energy infrastructure in West Asia, unnerved investors.
Snapping its three-day gaining streak, the 30-share BSE Sensex tanked 2,496.89 points or 3.26 per cent — its biggest single-day plunge since June 2024 — to settle at 74,207.24, a level not seen since April 7, 2025. During the day, it dived 2,753.18 points or 3.58 per cent to 73,950.95.
The 50-share NSE Nifty tumbled 775.65 points or 3.26 per cent to end at 23,002.15. Nifty had rallied 2.68 per cent or 626 points while Sensex jumped 2.8 per cent or 2,140 points in the last three sessions.
From the 30-Sensex firms, Eternal, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, Larsen & Toubro and Bajaj Finserv were among the major laggards.
HDFC Bank dropped 5.13 per cent after its chairman, Atanu Chakraborty, resigned, citing ethical concerns.
Brent crude, the global oil benchmark, soared 6.75 per cent to USD 114.8 per barrel after Iran attacked a key natural gas facility in Qatar as well as two oil refineries in Kuwait.
Iran intensified its attacks on its Gulf Arab neighbours’ energy sites on Thursday, hitting a Saudi refinery on the Red Sea and setting Qatari LNG facilities and two Kuwaiti oil refineries ablaze as it struck back following an Israeli attack on its main natural gas field