BUSINESS

Stock Market Drops Amid Iran-Israel War: TCS Stock Rises, Sensex Drops By Approximately 800 PTS, Nifty Below 22,300

The stock market opened after a two-day break, allowing investors to examine the impact of Iran’s strike on Israel. The 30-share S&P BSE Sensex index started at 73,281.65, down 929.74 points, marking a significant decrease. At 22,339.05, the Nifty50 index had a negative opening, dropping 180.35 points or 0.80%.

Around 9:30 AM, the Nifty Smallcap100 index fell by 2.50% while the Nifty Midcap100 index fell by 1.84 percent.

TCS shares increased by 1.5%.

TCS’s stock rose 1.5% to trade at around Rs 4,064 a share on the NSE.

Pre-open Markets

Sensex fell 929.74 points, or 1.25 percent, at pre-opening, trading at 73,281.65. At the same time, the Nifty50 index fell 180.35 points, or 0.80 percent, to trade in the negative region at 22,339.05.

Top Sensex Losers

The biggest losses in the morning session were JSW Steel (-1.64%), NTPC (-1.96%), SBIN (-1.91%), Power Grid (-1.87%), Tata Steel (-2.48%), and Tata Motors (-2.62%).

Top Sensex Gainers

TCS (0.39%) and Nestle (0.55%) are the biggest gainers in the morning session.

As of 8:04 a.m. IST on April 15, the GIFT Nifty traded at 22,470.50. This suggests that the Nifty 50 will begin below its Friday closing of 22,519.40.

The Sensex and Nifty both had a 1% decline on April 12. The BSE Sensex lost 800 points, or 1.08%, to close at 74,244.90, while the NSE Nifty 50 fell by 234.40 points, or 1.03%, to conclude at 22,519.40.

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