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Nifty plunges amid geopolitical tensions: Indian market analysis
Indian stock markets fell sharply on Friday, with the Sensex dropping over 800 points and Nifty slipping below 24,700. The selloff hit most sectors, especially Oil & Gas, Auto, and PSU Banks. Even midcap and smallcap stocks weren't spared.
Why are markets rattled?
Geopolitical tension in the Middle East is making investors nervous—not just in India but around the world. With fears of oil supply disruptions and global uncertainty rising, many are pulling money from stocks and looking for safer bets.
Gold hits ₹99,280 per 10gm
Gold is having a moment as people rush to safety—prices hit a record ₹99,280 per 10gm on Friday. Meanwhile, stock markets across Asia and the US also took a hit as everyone waits to see how things play out in the Middle East.