Nifty 50 Falls 164 Points, Sensex Drops 523 as U.S.-Iran Tensions Weigh on Markets

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The Indian stock market traded lower around noon on Wednesday, with the benchmark indices hovering near the day's low amid renewed geopolitical tensions in West Asia. Investor sentiment remained under pressure after the U.S. launched retaliatory strikes and reimposed oil-related sanctions on Iran, raising concerns over the global risk environment.

As of 12:00 PM, the Nifty 50 was down 164 points, or 0.67 per cent, at 24,234.90, while the Sensex declined 522.64 points, or 0.67 per cent, to 77,658.08.

The broader market also remained under pressure, although losses were relatively limited compared with the benchmark indices. The Nifty MidCap index slipped 0.10 per cent, while the Nifty SmallCap index declined 0.24 per cent.

Among sectoral indices, the Nifty FMCG and the Nifty Oil & Gas were the biggest laggards, reflecting broad-based selling pressure. On the other hand, the Nifty Realty and the Nifty Pharma indices outperformed the broader market and traded in positive territory relative to other sectors.

Disclaimer: The article is for informational purposes only and not investment advice.