Stock Market Crash LIVE: Sensex today slumps over 1,500 points after Trump’s speech; Ola Electric shares up 9%
Stock Market Crash LIVE: The Indian stock market opened sharply lower on Thursday, following losses in global markets, after US President Donald Trump said that the war in Iran could intensify over the next two to three weeks.
The Sensex crashed 872.27 points, or 1.19%, to open at 72,262.05, while the Nifty 50 opened 296.00 points, or 1.31%, lower at 22,383.40. The Bank Nifty index opened at 50,625.65, down 823.00 points, or 1.60%.
All the sectoral indices slipped, with Nifty PSU Bank, Nifty Realty, Nifty Pharma, Nifty Auto, Nifty Metals, Nifty Private Bank and others falling over 2%. Broader markets also reeled under heavy selling pressure, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices declined over 2.8% each.
On the global front, Asian markets reversed gains and traded lower, while US stock futures declined after President Donald Trump indicated that the Iran war in the Middle East would continue for more weeks.
Gold Rate Today
Gold and silver prices in India crashed, following losses in international bullion prices amid a strong US dollar.
MCX gold rate today for June futures contracts opened lower by ₹1,218, or 0.79%, at ₹1,52,490 per 10 grams as against its previous close of ₹1,53,708 level. MCX silver price for May futures contracts opened lower by ₹701, or 0.28%, at ₹2,42,800 per kilogram as compared to its previous close of ₹2,43.501 level.
However, selling in gold and silver prices intensified and MCX gold price declined over 2% to trade near ₹1.50 lakh per 10 grams level, and MCX silver price crashed by more than ₹12,000, or 5%, to trade below ₹2.32 lakh per kg.
In the international market, fold and silver prices fell after Trump said the US would hit Iran “extremely hard” over the next two to three weeks. Spot gold price declined 1.3% to $4,695.15 an ounce, while silver prices dropped 2.7% to $73.05 an ounce.
Crude Oil Prices
Crude oil prices jumped more than $4. Brent crude futures rose $4.88, or 4.8%, to $106.04 per barrel, while US West Texas Intermediate crude futures were up $4.17, or 4.2%, to $104.29 per barrel.
Stay tuned to this segment for Live updates on stock market and commodity market today.
