Volatility rises as Sensex loses over 400 points; Nifty struggles amid global tensions

Indian benchmark indices, Sensex and Nifty, opened slightly positive but quickly turned negative due to ongoing geopolitical tensions.

By 9:31 a.m., the BSE Sensex had fallen 421.72 points, trading at 82,075.38, while the NSE Nifty declined 150.55 points to 25,099.55. However, geopolitical tensions from the escalating Iran-Israel conflict and rising crude prices continue to weigh on sentiment. Foreign portfolio investors (FPIs) sold ₹15,000 crore in shares on Thursday, further pressuring the markets.

Analysts highlighted technical challenges, noting heavy call writing at critical strike levels around 25,600-26,000, signalling trader caution.

The Indian VIX spiked 9.86%, increasing short-term volatility. Despite global uncertainties, experts believe a bullish recovery is possible if volatility remains contained. As key sectors like Auto and Oil & Gas experience significant losses, investors are advised to remain cautious while awaiting Q2 earnings and tracking oil price trends.