Indian Markets Slip as US-Iran Escalation Spurs Global Tech Sell‑off

(RTTNews) – Indian shares declined in early Wednesday trading, amid a deepening global technology sell‑off and after the United States unleashed a fresh barrage of airstrikes on Iran, striking over 80 military sites in retaliation for Tehran’s recent assaults on commercial vessels in the Strait of Hormuz.

The benchmark BSE Sensex slipped 480 points, or 0.6%, to 77,699, while the broader NSE Nifty index fell 140 points, also 0.6%, to 24,258.

Notable decliners included Reliance Industries, IndiGo, ITC and Asian Paints, each losing between 2% and 3%.

Dilip Buildcon dropped almost 2% after announcing a landslide at a tunnel project in Kerala’s Wayanad region during heavy rains.

Cochin Shipyard slipped 2.6% after the government indicated it would activate the oversubscription clause in its ongoing offer for sale.

IdeaForge Technology gained 2.3% after launching its qualified institutional placement (QIP) at a floor price of ₹835.86 per share.

PC Jeweller surged 4.8% following the full repayment of its outstanding debt under a settlement agreement with two consortium banks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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