Stock Market Updates: Sensex Tanks Over 950 Points, Nifty Dips Below 25,050 Amid Reports Of Iran Violating Ceasefire

Last Updated:June 24, 2025, 14:36 IST

Sensex dropped over 1,000 points from day’s high after reports emerged Iran violated ceasefire and Israel ordered strikes on Tehran

Sensex Today: The Indian stock market saw sharp profit booking on Tuesday, June 24, dragging the benchmark indices significantly lower from their early highs. The Sensex tumbled over 1,100 points from its intraday peak, while the Nifty 50 briefly slipped below the 25,000 mark, following reports that Israel had accused Iran of violating the ceasefire and ordered retaliatory strikes on Tehran.

The Sensex opened at 82,534.61, up from its previous close of 81,896.79, and rallied over 1,100 points to hit an intraday high of 83,018. However, the 30-share index reversed course and dropped more than 1,100 points from its peak to touch an intraday low of 81,900.

Similarly, the Nifty 50 began the day at 25,179.90 versus its previous close of 24,971.90, and rose more than 1 percent to an intraday high of 25,317.70. It later gave up gains and declined to an intraday low of 24,999.70 during the afternoon session.

Rupee sees steepest opening in over a month on Israel-Iran ceasefire

The domestic currency rose 64 paise to open at 86.11 against the dollar, after closing at 86.75 on Monday, according to Bloomberg. The unit posted the steepest opening gains since May 13, but has fallen 0.61 per cent so far this month.

Global Cues

Asian equity markets responded positively, with South Korea’s Kospi rallying 2.5 per cent and Taiwan up 2 per cent. Japan’s Nikkei rose over 1 per cent, while Hong Kong’s Hang Seng and Singapore’s Straits Times gained around 0.7 per cent each.

US markets closed higher overnight, ahead of the ceasefire news. The Dow Jones, S&P 500, and Nasdaq all advanced by nearly 1 per cent.

In the commodities space, easing geopolitical concerns pulled gold prices down by over 1 per cent to $3,357 per ounce. Silver also declined 0.6 per cent. Crude prices fell sharply, with WTI futures tumbling 3.4 per cent to $66.23 a barrel, and Brent crude down 1.2 per cent at $68.39.

Back home, Om Mehra, Technical Analyst at SAMCO Securities, said that a sustained move above the 25,225 level would confirm bullish momentum and could trigger further upside for the Nifty.

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

First Published: