Indian stock markets witnessed sharp volatility today as the Sensex plunged over 1,300 points in early trade, reflecting heightened global uncertainty and investor caution. The Nifty 50 also slipped below the 22,250 mark, signaling widespread weakness across sectors.
The downturn was triggered by a mix of geopolitical tensions, surging energy prices, and inflationary concerns. Global markets have been rattled by escalating tensions in the Middle East, with crude oil and jet fuel prices hitting record highs. For India, where energy imports play a crucial role in the economy, the spike in costs has amplified fears of rising inflation and reduced corporate margins.
Sectoral performance showed uneven trends. IT stocks displayed relative resilience, supported by strong global demand, while aviation and logistics companies bore the brunt of soaring fuel costs. Banking and financial stocks also faced heavy selling pressure as investors worried about liquidity tightening and slower credit growth.
