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Market Minutes: Unprecedented 20-Minute Stock Market Volatility – A Furious Rally Followed by a Swift Reversal
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20-Minute Market Rollercoaster: Nifty Surges 250 Points, Then Clarification Hits
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CNBC Awaaz
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05-03-2026, 17:33
20-Minute Market Rollercoaster: Nifty Surges 250 Points, Then Clarification Hits
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Stock market experienced extreme volatility on Thursday, surprising even veteran investors.
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Nifty surged by 250 points in 20 minutes after a Sky News Arabia report on Iran's Deputy Foreign Minister's statement.
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The report suggested Iran was ready to abandon its nuclear program if the US offered an alternative proposal.
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A quick clarification from Iran's state news agency IRNA stated the statement was from previous discussions, causing Nifty to slip from highs.
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Despite the dip, the market closed with strong gains, highlighting its sensitivity to Middle East news.
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