The Nifty opened 415 points lower below the 24,500 mark, while the Sensex saw a drop of over 1,200 points in the early minutes of trading. The Midcap index has also declined by a similar quantum, while the Smallcap index is down by 400 points at the start of trade.
Situation in the Middle East deteriorated earlier this morning after Israel launched targeted attacks on Iran after the latter was censured by the UN Nuclear Watchdog due to non-compliance. Iran has also vowed retaliation to the attacks. The developments have resulted in a 12% jump in Brent Crude, thereby hurting India’s downstream oil refiners.
ONGC is the only stock on the Nifty 50 index that has opened in the green. 49 other stocks on the index are trading with losses.
First Published: Jun 13, 2025 9:16 AM IST
