Indian stock market closed, Sensex 78,543.73 and Nifty 24,450.45, falling amid Iran-Israel tension.

The Indian stock market closed with a big fall on Friday. On the last trading day of the week, the benchmark indices BSE Sensex and NSE Nifty 50 both registered a decline of more than one percent. The market has shown weak performance against the backdrop of rising tensions in West Asia.

BSE Sensex closed 1,097 points lower at 78,543.73. Similarly, NSE Nifty fell by 315.45 points and closed at 24,450.45.

DAY TRADING INDEX PERFORMANCE

Investor sentiment appeared to be negative as seen in early trading on Friday. Global oil and gas prices rose as tensions between Iran and Israel increased in West Asia. The effect of the above situation was also visible in the Indian stock market.

BSE Sensex closed 1.37% lower at 78,543.73 points while NSE Nifty closed 1.27% lower at 24,450.45 points.

regional pressure in the market

With the decline in the market, there was an environment of uncertainty and caution among investors. Shares of energy, defense and petrochemical sectors were particularly affected.

Energy and oil companies saw stock volatility as Iran–Israel tensions pushed up global crude oil prices.

Defense sector stocks also witnessed volatility as investors adopted risk-off strategy against the backdrop of global security tensions.

Banking and financial institution related stocks were also under pressure, influenced by global uncertainty and rising crude oil prices.

According to experts, keeping in mind the global developments and geopolitical tensions, investors had shifted towards speculative safe options.