Punjab Newsline | Mumbai
Indian equity markets witnessed a sharp decline in early trading on Monday after peace talks between the United States and Iran collapsed, triggering global concerns. The BSE Sensex fell by 1,600 points, while the Nifty 50 slipped below the 23,600 mark.
During early trade, the Sensex touched an intraday low of 75,939. Meanwhile, the Nifty dropped more than 450 points, falling below the 23,600 level around 9:20 AM. Banking stocks led the losses, witnessing significant selling pressure.
Market volatility surged sharply, with the India VIX rising over 13% to cross the 21 mark, reflecting heightened investor anxiety.
The breakdown of ceasefire-related peace talks between the US and Iran led to widespread selling across sectors. All major sectoral indices traded in the red, with public sector banks registering the steepest decline, followed by banking, financial, and oil & gas stocks.
Amid rising global economic concerns, investors remained cautious. Defensive sectors such as pharmaceuticals and healthcare showed relatively limited losses. Overall, market sentiment remained weak, indicating a risk-off approach and lack of clear sectoral leadership in equities.