On June 13, the Indian stock market experienced significant losses due to rising tensions between Israel and Iran. This event had a notable impact on the global financial landscape.
The Sensex fell by over 1,300 points, a decrease of 1.6%, while the Nifty 50 dropped by 1.7%. These declines mirrored similar trends in other Asian markets, such as Japan's Nikkei and South Korea's Kospi. The Sensex opened at 80,427.81 and hit an intraday low of 80,354.59. The Nifty started at 24,473.00, reaching an intraday low of 24,473.
The overall market capitalization of BSE-listed firms decreased by approximately ₹7 lakh crore in a single day, falling to nearly ₹442.5 lakh crore. The BSE Midcap and Smallcap indices also saw declines, dropping by up to 1.5%. The situation is further complicated by ongoing tensions between Russia and Ukraine.
Gold prices in the domestic futures market increased by 2%, and the US dollar rose over 0.30%. US bonds saw an uptick, dragging bond yields. The potential escalation of the Israel-Iran conflict, as indicated by Netanyahu's statements, adds to investor concerns.
This information is based on market data from June 13. The impact of geopolitical instability remains a key concern for investors globally.