Stock markets tumble nearly 1% on rising geopolitical tensions, boiling crude oil prices

Equity indices plummeted due to global market weakness, Brent crude spike, and geopolitical tensions, impacting investor sentiment negatively.

Equity benchmark indices Sensex and Nifty tumbled nearly 1% on Friday (June 13, 2025) as weak global markets and a spike in Brent crude oil prices after Israel attacked Iran's capital weighed on investor sentiment.

Falling for the second day in a row, the 30-share BSE Sensex dived 573.38 points or 0.70%, to settle at 81,118.60. During the morning trade, it tanked 1,337.39 points or 1.63% to 80,354.59.

The 50-share NSE Nifty dropped 169.60 points or 0.68% to 24,718.60.

Investors stayed away from riskier assets amid fears of a full-blown war between Israel and Iran and foreign fund outflows.

Among the Sensex firms, Adani Ports, ITC, State Bank of India, IndusInd Bank, HDFC Bank, Titan, Kotak Mahindra Bank and UltraTech Cement were the major laggards.

On the other hand, Tech Mahindra, Tata Consultancy Services, Sun Pharma and Maruti were the gainers.

Global oil benchmark Brent crude jumped 7.44% to $74.52 a barrel.