- Global stock markets, including India's Nifty50 and BSE Sensex, experienced significant declines on March 13, 2026.
- The Nifty50 index fell below 23,250, while the BSE Sensex dropped over 1,200 points during the trading day.
- This market downturn is primarily attributed to escalating tensions in the Middle East, involving Iran, Israel, and the United States.
- Rising oil prices contributed to the market's decline, alongside concerns regarding the potential closure of the Strait of Hormuz.
- The heavy selling pressure resulted in the steepest weekly fall for benchmark indices in over a year, leading to a significant erosion of market capitalization.
Global Stocks Down: Mideast Tensions Blamed
Global stock markets, including India's Nifty50 and BSE Sensex, plunged on March 13, 2026, with the Sensex dropping over 1,200 points and Nifty50 falling below 23,250. This sharp downturn, marking the steepest weekly fall in over a year, was primarily driven by escalating Middle East tensions, rising oil prices, and fears surrounding the Strait of Hormuz.
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