Sensex Tanks 573 Points, Nifty Slides Below 24,800; Adani Ports Sinks 3%

Sensex Drops 573 Points, Nifty Below 24,720 as Middle East Tensions Rattle Markets.

Indian equity markets ended lower on Friday, dragged down by weak global cues and rising geopolitical tensions after Israel’s military strike on Iran. Investor sentiment remained fragile, leading to broad-based selling across sectors.

The BSE Sensex fell 573.38 points to close at 81,118.60, while the NSE Nifty50 declined 169.60 points to 24,718.60.

“Equity benchmarks faced pressure due to global headwinds and continued foreign fund outflows. Heightened geopolitical risks spurred risk aversion across markets,” said Vinod Nair, Head of Research, Geojit Financial Services.

Market Highlights
Top Gainers (Sensex):

Tech Mahindra +1.02%

TCS +0.36%

Sun Pharma +0.23%

Maruti Suzuki +0.16%

Top Losers:

Adani Ports −2.61%

ITC −1.67%

IndusInd Bank −1.52%

HDFC Bank −1.15%

Titan −0.95%

Only four stocks on the Sensex closed in the green, indicating widespread selling.

Broader Market & Sector Performance
Nifty Midcap 100: −0.37%

Nifty Smallcap 100: −0.49%

India VIX (Volatility Index): +7.59%

Sectoral gainers included:

Nifty Consumer Durables (+0.70%)

Nifty Auto (+0.30%)

Nifty Media (+0.17%)

Realty, Healthcare, and IT posted marginal gains

Major sectoral losers:

Nifty PSU Bank (−1.18%)

FMCG (−1.05%)

Private Bank (−0.91%)

Financial Services, Oil & Gas, Metal, Pharma

Outlook
Although retail inflation in May eased below the RBI’s comfort level, the positive macro signal was overshadowed by external risks.