Sensex Down 1,600 Points, Nifty Slips 500 As Markets Crash Over Oil Concerns
Indian equities opened deep in the red on Wednesday as global risk sentiment soured amid the ongoing Iran war. The benchmark Sensex dropped over 1,700 points at the open, while the NSE Nifty 50 slipped 500 points, reflecting broad-based selling pressure. Infosys, BEL, HCLTech were the only gainers on Sensex after market opened. L&T shares hit a one-month low, down more than 12% in four sessions. L&T, Tata Steel, IndiGo and Shriram Fin were among the top losers. Barring Nifty IT, selling was seen across all sectors. Nifty MidCap and SmallCap 100 also traded with deep cuts after market opens.
