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    Market Meltdown Alert: Sensex Crashes 6,172 Points in Pre-Open as War Fears and Oil Shock Rattle Dalal Street

    2 days ago

    Indian equities witnessed a historic shock in pre-opening trade as the BSE Sensex plunged 6,172 points, reflecting panic across financial markets amid escalating Israel–Iran conflict and surging crude prices. The sharp fall follows a spike in global oil benchmarks after tensions around the Strait of Hormuz disrupted energy supply routes. Investors fear prolonged geopolitical instability could fuel inflation, widen India’s trade deficit, and pressure the rupee. Market participants are also closely tracking diplomatic signals from New Delhi. Prime Minister Narendra Modi recently held conversations with Israeli Prime Minister Benjamin Netanyahu and UAE President Mohamed bin Zayed Al Nahyan, emphasizing regional stability and counter-terror cooperation. Analysts interpret these engagements as part of India’s calibrated balancing strategy—supporting strategic partners while urging de-escalation. The steep pre-trade slide signals heightened volatility ahead of the full trading session, with banking, energy, and export-linked stocks expected to remain under pressure. If crude prices sustain elevated levels, broader macroeconomic ripple effects could deepen investor anxiety in the near term.

     

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