Indian Stocks Plunge Amid US-Iran War Fears
MUMBAI: Indian stock markets experienced a significant downturn this week, fueled by ongoing geopolitical tensions stemming from the US-Iran conflict. Key indices suffered substantial losses, impacting investor wealth.
- Market Performance: Sensex declined 1.93% to 74,563.92, Nifty 50 fell 2.06% to 23,151.10 on Friday.
- Investor Losses: ₹20 lakh crore wiped off BSE-listed firms’ market capitalization, dropping from ₹450 to ₹430 lakh crore.
- Extended Losses: Both Sensex and Nifty recorded losses for the third consecutive week, shedding 5.5% and 5.3% respectively.
Financial experts advise investors to remain calm and maintain disciplined investment strategies, citing historical data indicating market recovery following geopolitical events. Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, recommends long-term SIP investments.
