Sensex, Nifty crash in the opening minute:

By Fatima | Published on June 13, 2025

Businesss / June 13, 2025

Sensex, Nifty crash in the opening minute:

As indicated by the global cues and the West Asia crisis that showed all signs of intensifying with Israel striking Teheran and Iran vowing to retaliate, both the benchmark indices Sensex and Nifty opened deep in the red.

Kolkata:

Both benchmark indices of the Indian stock market Sensex 30 and Nifty 50 opened deep in the red. Sensex 30 tanked 1,000.88 points (or 1.23%) to reach 80,691.10 points at 9:15 am while Nifty tanked 344.35 points (or 1.38%) to reach 24,543.85 points.

Global markets:

On June 12, Dow Jones ended significantly down (1.38%) in the US, while S&P500 and Nasdaq managed to cling to the green zone by 0.38% and 0.24% respectively. In Europe only FTSE ended in the green with CAC and DAX ending lower.

On Friday morning, GIFT Nifty was down by 0.77% at 7:30 am. All the Asian indices Nikkei 225, Hang Seng, Straits Times, Shanghai Composite, Taiwan Weighted and KOSPI were trading in the red.

On Thursday, Sensex 30 closed at 81,691.98, down 823 points, while Nifty 50 settled 253 points lower at 24,888.20. BSE Midcap and Smallcap indices dropped even more — 1.52% and 1.38% respectively. The market capitalisation of BSE firms declined by about Rs 449.6 lakh crore from about Rs 455.6 lakh crore.

Early gainers and laggards:

All the 30-Sensex firms were trading lower during the early trade. Kotak Mahindra Bank, Power Grid, Adani Ports, Tata Motors, UltraTech Cement and Asian Paints were the major laggards. Following the renewed West Asia conflict Brent crude, the global oil benchmark, surged 9.33% to touch $75.83 a barrel.

According to NSE data, the early gainers today were ZENITHSTL, IDEAFORGE, PRUDMOULI, FLEXITUFF, CALSOFT, ALPSINDUS, GLFL, SHAH, VIMTALABS, HINDOILEXP.

“Close on the heels of the Ahmedabad air tragedy has come the news of Israel’s attack on Iran. The economic consequences of this Israeli strike can be profound if the attack and counter attack by Iran lingers long. Brent crude prices have flared up by around 12% to $78.

The impact on market will depend on how long the conflict lingers. In the near-term the market will be in a risk-off mode,” V K Vijayakumar, chief investment strategist, Geojit Investments, was quoted as saying.

That investor sentiment was dampened was quite obvious from the cues and the manner in which the markets closed on June 12. On Thursday about Rs 6 lakh crore was wiped out from the Indian stock market as Sensex and Nifty closed the session down 1% and 1.01% respectively.