Sensex crashes 1,953 points at open amid West Asia energy attacks

The domestic share markets witnessed a bloodbath with a sharp selloff in the opening session on Thursday amid the latest attacks on energy infrastructure in West Asia that have triggered fears of an energy crisisThe benchmark indices opened deep in the red with the NIFTY 50 index starting the session at 2319775 down by 58005 points or 244 per cent The BSE Sensex also plunged 195321 points or 255 per cent to open at 7475092The steep fall comes after damage to energy infrastructure amid the ongoing conflict in West Asia which has raised uncertainty and alarm over potential disruptions in global energy suppliesAjay Bagga Banking and Market Expert told ANI The attack on the biggest gas production field of Iran yesterday and Irans escalation into attacking the largest LNG production facility in the world based in Qatar has taken the Gulf War into a very dangerous turn The US Fed held rates steady as Chairman Powell mentioned the word uncertainty 7 times in his press conference Powell spoke about the continued impact of tariffs and the incoming inflationary impulses due to the energy supply shortages created by the Iranian conflict He was hawkish in his conference Indian markets are poised to open in the red in consonance with the global marketsSectoral indices reflected broadbased selling pressure with the Nifty Financial Services sector declining 287 per cent while Nifty Private Bank dropped 341 per cent Nifty Auto fell 203 per cent Nifty FMCG slipped 110 per cent and Nifty IT declined 141 per cent Nifty Metal was down by 2 per cent while Nifty Media saw a relatively smaller fall of 084 per centGlobal cues further dampened investor sentiment Brent crude was trading at USD 112 in the morning reflecting concerns of prolonged supply disruptions due to infrastructure attacksIn commodity markets gold prices were on a downward trend with 24 karat gold priced at Rs 152026 per 10 grams Silver prices also declined to Rs 244756 per kilogramAsian markets mirrored the global downturn in early Thursday trade Japans Nikkei 225 index declined 218 per cent to 53787 levels Singapores Straits Times slipped 047 per cent to 4978 Hong Kongs Hang Seng index fell 168 per cent to 25587 Taiwans weighted index dropped 117 per cent to 33946 while South Koreas KOSPI index declined 155 per cent to 5836US markets had already set a negative tone overnight On Wednesday the Dow Jones index tanked 163 per cent to 46225 the SampP 500 fell 136 per cent to 6624 and the Nasdaq declined 146 per cent to 22152 indicating widespread selling pressure across global equitiesThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever