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News Topical, Digital Desk : The Indian stock market witnessed a sharp decline on Thursday. Weak global cues and rising war tensions with Iran created fear among investors. The impact was clearly visible in the market, with the BSE Sensex falling more than 1,400 points and the Nifty 50 falling below 22,250.
Selling pressure prevailed as soon as the market opened in the morning. The Sensex fell by nearly 1,454 points to around 71,600, while the Nifty fell by 446 points to trade at 22,233. All 50 Nifty stocks were in the red, indicating a completely negative market sentiment.
What caused the market decline? The primary reason for this decline is believed to be a strong statement by US President Donald Trump. Trump has threatened to escalate military action against Iran, which has increased uncertainty in global markets.
This impacted both Asian markets and the Indian market. The rise in crude oil prices has also increased investor concerns. Brent crude prices have reached around $105 per barrel. This threatens to increase inflation and put pressure on India's import bill.
Which sectors saw a decline?
The market declined across all sectors. Banking and financial stocks fell by 2-3%. IT, auto, metal, and capital goods sectors also came under pressure. Aviation, pharmaceutical, and infrastructure stocks fell by up to 5%. The midcap index also fell by more than 1,500 points, reflecting market weakness.
Foreign investors (FPIs) also sold heavily, adding further pressure to the market. However, domestic investors (DIIs) tried to stabilize the market by buying to some extent.
Meanwhile, Antony Cherukara, CEO of VST Tillers Tractors, said that while the March 2026 performance was affected by a high base, the company is satisfied with its sales. He admitted that if there had been no war in West Asia, tractor sales could have been better.
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