Market in Shock: Iran-US Tensions Send Sensex Down 550 Points, Nifty at 25800

• Indian stock market reacted to Iran-US tensions, with Sensex closing down 558.72 points at 83,674.92 and Nifty at 25807.50.
• Renewed US 'maximum pressure' policy on Iran and Iran's refusal to compromise on missile capabilities fuel war fears, impacting global economy and oil prices.
• Brent crude surpassed $69/barrel due to political instability; fear of Strait of Hormuz closure raises concerns about global oil supply.
• Beyond US-Iran, the conflict involves Israel and China, with global stock markets, including India, showing concern.
• Weakness in IT stocks, driven by US tech market downturn, reduced client spending, and AI uncertainty, also contributed to the market decline.