Sensex has crashed over 6,000 points since Iran war began. Is the worst already over?
India Today
Sensex has declined over 6,000 points or roughly 7.5% in a little over two weeks as global tensions and rising oil prices triggered selling in equities.
Benchmark stock market index Sensex has fallen about 6,147 points since the Iran war began, dropping from around 81,287 on February 27 to about 75,140 now. This means the index has declined roughly 7.5% in a little over two weeks as global tensions and rising oil prices triggered selling in equities.
The chart shows that the Sensex was trading near 81,287 on February 27, a day before the conflict escalated the next day. Since then, the index has moved lower in several volatile trading sessions as investors reacted to the geopolitical developments and rising crude oil prices.
The fall in the market began soon after tensions escalated in the Middle East. The conflict has pushed crude oil prices close to $100 per barrel, raising concerns for countries that depend heavily on oil imports.
India is the world’s third-largest importer of crude oil. Higher oil prices often hurt market sentiment because they can increase inflation, widen the fiscal deficit and put pressure on economic growth.
The global uncertainty has also made investors cautious. During geopolitical conflicts, investors often move money away from equities into safer assets such as cash or gold.
Foreign investor selling has added to the pressure on Indian equities. Overseas funds have been reducing their exposure as global risks increased, which has led to sharper swings in benchmark indices.
Sensex has declined over 6,000 points or roughly 7.5% in a little over two weeks as global tensions and rising oil prices triggered selling in equities.
Speaking in Parliament, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said India has adequate fuel stocks, and there is no cause for concern over availability.
Industry sources told India Today TV that airline operators are now paying additional insurance charges for every aircraft flying into the Middle East, significantly increasing the cost of operations on these routes.
Under law, a domestic household is generally allowed to keep two LPG cylinders of 14.2 kg each at a time. This usually includes one cylinder connected for use and another spare cylinder kept as backup.
Early signals from GIFT Nifty suggest that the benchmark indices could open lower when trading begins. GIFT Nifty futures were trading at 23,784.50 at around 7:58 am. This indicates that the Nifty 50 may open below Wednesday's closing level of 23,866.85.
When markets fall sharply, fear often takes over investing decisions. But did you know continuing SIPs during market crashes has historically rewarded disciplined investors?
The move comes as global energy markets remain on edge due to escalating tensions linked to the conflict involving Iran, which has raised fears of disruptions to crude oil shipments from the Middle East.
India consumes roughly 5.3 to 5.5 million barrels of crude oil every day. However, domestic production is only about 0.6 million barrels per day. This means the country depends on imports for nearly 85% of its oil needs.
At around 10:47 am, the BSE Sensex was down 750.68 points or 0.96% at 77,455.30, while the Nifty 50 slipped 208.25 points or 0.86% to 24,053.35.
Air India said the fuel surcharge is due to the sharp rise in aviation turbine fuel (ATF) prices since early March 2026, triggered by supply disruptions in the Gulf region.
Rahul Bhatia expressed gratitude to employees who worked tirelessly to restore operations during that challenging period, praising their resilience and dedication.
The Iran-US conflict has disrupted shipping through a key global oil export route, pushing oil prices higher. As a result, airline tickets on some routes have become much more expensive, and there are growing concerns that travel demand could weaken if the situation continues.