By Sheetal Kumari | March 3, 2025
MC Desk | June 12, 2025
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Sensex dropped 823.16 points or 1 percent to settle at 81,691.98. The broader Nifty tumbled 253.20 points or 1.01 percent to 24,888.20.
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US President Donald Trump said he planned to send letters to trading partners in the next one to two weeks outlining unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties.
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The US is on high alert over the possibility of an Israeli strike on Iran.
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Foreign Institutional Investors (FIIs) sold shares worth Rs 446.31 crore on Wednesday, adding pressure on domestic markets.
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Key Asian indices such as Shanghai’s SSE Composite, Japan’s Nikkei 225 and Hong Kong’s Hang Seng were all trading lower, down up to 1 percent. US markets closed lower on Wednesday.
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Crude futures surged over 4 percent on Wednesday amid growing US-Iran tensions.
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The volatility index, India VIX, rose over 3 percent to 14.14, reflecting heightened investor nervousness in the market.
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