Indian Stock Market Saw Dramatic 3000-Point Drop Last Week Amid Middle East Conflict Concerns

The Indian stock market has experienced a significant downturn, with a staggering 3000-point drop in a single week. This decline can primarily be attributed to growing apprehensions surrounding the ongoing Middle East conflict, according to reports from various agencies.

The Bombay Stock Exchange (BSE) Sensex, which had been on a consistent downward trend, saw a sharp decrease of 700 points, pushing it below the 63,300 mark on Thursday. As per Indian media outlets, investors incurred substantial losses of 3.58 trillion rupees in just 15 minutes. The Nifty50 index also took a hit, falling below 18,900 points.

Market analysts in the Indian stock market have pointed to two key factors behind this downward trend. The first is the Israel-Hamas conflict, which has raised concerns and led to a flight from riskier assets. The ongoing geopolitical tensions in the Middle East often have a significant impact on global financial markets.

However today, BSE Sensex, which had fallen below 63,300 points has rebounded to 63,690.78 levels, marking a positive change of 542.63 points or 0.86%. Similarly, the Nifty50 index has also shown improvement, surging to 19,016.30 levels with a gain of 159.05 points or 0.84% as of this morning.