The BSE Sensex fell 573 points, or 0.7%, closing at 81,119 on Friday, extending its losing streak to a second consecutive session. Investor risk appetite weakened amid escalating geopolitical tensions after Israel’s overnight strike on Iran and rising international crude oil prices, which threaten to increase India’s import costs. Israel targeted Iran’s nuclear facilities and military commanders, labeling the operation essential to counter what it views as an existential threat.
In retaliation, Iran launched hundreds of drones, heightening fears of further escalation. Among Sensex constituents, 10 of 30 stocks closed lower, led by Adani Ports, ITC, State Bank of India, IndusInd Bank, and Hindalco Industries, which fell between 1.4% and 2.7%. Conversely, Bharat Electronics (BEL), ONGC, HAL, Tech Mahindra, and TCS were among the top gainers, advancing 1% to 1.8%.
