Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Friday on global cues. While Nifty50 crashed below 24,550, BSE Sensex tumbles over 1,100 points. At 9:16 AM, Nifty50 was trading at 24,547.30, down 341 points or 1.37%. BSE Sensex was at 80,568.98, down 1,123 points or 1.37%.Market analysts anticipate continued consolidation, whilst monitoring global market indicators and progress on US-India trade discussions. In the immediate short-term, Israel’s strike on Iran is expected to weigh on the market sentiment.The S&P 500 advanced on Thursday following Oracle’s positive outlook boosting AI sector confidence, counterbalancing Middle East concerns and Boeing’s share decline. Oracle shares surged 13.3% to peak levels after raising annual revenue growth projections, driven by AI services demand.Early Friday trading saw sharp falls across Asian markets, with US futures leading the downward trend. Oil prices increased following Israel’s military action against Iran, prompting investors to seek refuge in gold and Swiss franc.The US dollar strengthened along with the safe-haven currencies Japanese yen and Swiss franc, as currency markets swiftly changed course following news of Israel’s military action against Iran.Foreign portfolio investors sold shares worth Rs 3,831 crore net on Thursday, whilst domestic institutional investors were net purchasers at Rs 9,894 crore.In the futures market, FIIs’ net short position increased from Rs 86,594 crore on Wednesday to Rs 99,478 crore on Thursday.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
