MUMBAI: Deteriorating geopolitical state of affairs in West Asia and market circumstances throughout the globe pulled sensex down by almost 1,100 factors on Friday. The index closed under the 79K mark for the primary time since April 2025. Banks led the slide as overseas funds offered, sellers mentioned.Sensex began the session on a weak notice, down about 350 factors from Thursday’s shut at 80,016 factors, primarily on the again of in a single day sell-off within the US markets and remained within the purple by way of the session. In the final hour of the session, sensex dipped to an intra-day low at 78,812 factors and closed a tad above that stage, at 78,919 factors, down 1,097 factors (1.4%).Taking an identical trajectory, the Nifty on NSE additionally misplaced 315 factors (1.3%) to shut at 24,450 factors. The day additionally noticed market volatility spike with its index India VIX, additionally referred to as the concern gauge, closing 11% up.
The day’s session additionally left buyers poorer by about Rs 3.2 lakh crore with BSE’s market capitalisation now at Rs 449.7 lakh crore.Foreign funds continued their current promoting spree within the inventory market with the day’s internet outflow determine at Rs 6,030 crore. In the final 4 periods, overseas portfolio buyers (FPIs) have internet withdrawn funds price almost Rs 21,600 crore, translating to virtually $2.4 billion, knowledge confirmed. “A sustained rise in oil prices could weigh on investor sentiment and adversely affect India’s twin deficits, inflation trajectory, and the RBI’s monetary stance. An uptick in the US 10-year bond yield and a stronger dollar have prompted FPIs to adopt a risk-off approach toward domestic equities,” Vinod Nair of Geojit investments wrote in a notice.In the commodities section, throughout Friday’s late session on MCX, crude oil futures contracts rallied sharply to hit consecutive higher circuits, on the again of a pointy rise in world markets. At 2200IST, crude oil futures contracts on MCX for March supply had been buying and selling at Rs 8,172/barrel, up 11.7%. Earlier within the session, Brent crude costs had rallied to over $91/barrel mark, a greater than two-year excessive stage.
