Stock Market
Sensex drops 900 points at open amid West Asia tensions
Mumbai/IBNS: The Indian stock market opened lower on Friday, with investors reacting to escalating global tensions surrounding the West Asia conflict, media reports said.
The BSE Sensex dropped over 900 points to 74,346.53, while the NSE Nifty 50 fell nearly 300 points to just above the 23,000 mark in early trading.
IT stocks were the only segment trading higher, while banks, financials, and the auto sector led the losses.
Global equities remained under pressure despite a decline in oil prices and the United States’ extension of the deadline for Iran to strike a deal.
On the Multi Commodity Exchange (MCX), gold for June delivery rose 1% to ₹1,43,829 per 10 grams, while May silver contracts climbed 2% to ₹2,23,978 per kg in early deals.
US President Donald Trump announced on Thursday that the deadline for potential action against Iran’s energy assets has been extended to April 6, which he claimed was at Tehran's request.
Dismissing “fake news” reports, Trump said ongoing negotiations with Iran are progressing positively.
In a post on Truth Social, he stated: “As per Iranian Government request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction by 10 Days to Monday, April 6, 2026, at 8 P.M., Eastern Time. Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media, they are going very well.”
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