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    Indian Markets Plunge Nearly 2% As Middle East Conflict Escalates, Rupee Opens At Record Low

    2 days ago

    Indian markets witnessed a massive sell-off as escalating Middle East tensions rattled investor sentiment. Both the Sensex and Nifty opened with a sharp gap-down and fell nearly 2% during the session, with most sectors trading deep in the red. Only select pockets like IT and sugar stocks showed limited resilience amid the broader decline. Rising geopolitical risks pushed Brent crude prices higher, triggering concerns about inflation and economic stability. Safe-haven assets such as gold and silver gained, while the dollar index climbed close to the 99 mark over the past three sessions. The Indian rupee opened at record lows and weakened past the 92-per-dollar mark during trade. Meanwhile, 10-year bond yields rose by 5 basis points, and market volatility surged to a 10-month high, jumping nearly 50% in recent sessions. The sell-off mirrored sharp declines across Asia, with Japan’s Nikkei and South Korea’s Kospi posting steep losses. Global markets remain on edge as fears grow that prolonged conflict in the Middle East could fuel inflationary pressures and disrupt energy supplies.
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