Sensex, Nifty Drop as Trump’s Speech Lacks Timeline for End of War

The BSE Sensex fell to 71,616.03 points, down 1,518.29 points or 2.08 per cent at 9:16 am. Similarly, the NSE Nifty 50 dropped to 22,216.90 points, down 462.50 points or 2.04 per cent. This decline follows a brief recovery where the Nifty had risen 348 points and the Sensex gained 1,187 points in the previous session.

Market experts attributed the volatility to the absence of a clear ceasefire in the Middle East. Market and banking expert Ajay Bagga said Trump’s speech offered nothing new, lacked a ceasefire announcement, and indicated continued tensions with Iran, including possible prolonged military action and uncertainty over global oil routes.

Another expert, Vivek Karwa, noted that markets reacted negatively as expectations of a major announcement were not met. He added that the situation suggests ongoing conflict, with volatility likely to persist in the near term.

The impact was also visible in global commodity markets, as crude oil prices surged during Trump’s address. Rising energy costs further pressured Indian equities, with Brent and WTI crude nearing $103–$105 per barrel.

Karwa said the previous session’s gains were likely due to value buying and not a sign of recovery. He warned that markets may remain unstable until there is clarity on the conflict’s resolution.

Despite a recent gap-up opening, the short-term market trend remains weak. Analysts say the indices are now testing key support levels that will determine their direction for the rest of the week.

Shrikant Chouhan, Head of Equity Research at Kotak Securities, said that 22,500/72,500 and 22,250/72,000 are crucial support zones. If the market holds above these levels, a pullback towards 22,900–23,000 or 73,800–74,200 is possible. However, a fall below 22,250/72,000 could drag indices further down to 22,100–22,000 or 71,500–71,200.