Share market loses Rs 8 lakh crores in minutes amid Iran-Israel tensions

The Sensex took a steep dive of 736 points to 73,508 in the early trading hours on Monday, signaling an across-the-board sell-off in the equity market fueled by rising tensions between Iran and Israel. The Nifty also mirrored this trend, slipping 234 points to 22,285, reflecting weak investor sentiment on Dalal Street.

In the wake of this market turmoil, investor wealth witnessed a significant decline of Rs 8.21 lakh crore, plummeting to Rs 391.46 lakh crore from the previous session's valuation of Rs 399.67 lakh crore recorded on April 12. Notable stocks such as Tata Motors, Bajaj Finserv, Tata Steel, Bajaj Finance, NTPC, and SBI led the losses on the Sensex, dropping by up to 3% in the early trading session.

Additionally, in a contrasting scenario, 70 stocks hit their 52-week highs today, showcasing a mix of market movements. On the flip side, only 20 shares hit their 52-week lows on the BSE during the early trading hours on Monday.

Out of 3,330 stocks, only 415 stocks were trading in the green. Around 2812 stocks were trading in the red while 103 stocks remained unchanged.