Sensex plunges over 1,400 points and Nifty slips near 22,250 amid Trump's Iran threat, rising crude oil prices, and FII selling. Here are the key reasons behind today's market crash.
Indian equities on Dalal Street saw volatility as global market trends and fresh tariff concerns linked to Donald Trump impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for April 2, 2026.
Ebrahim Azizi, head of Iran's National Security Committee, stated that diplomatic talks with the US are governed by national interest and security, viewing negotiations as an extension of military efforts.
Pope Leo XIV on Monday underscored his commitment to spiritual advocacy over political friction, stating that he has no desire to engage in a confrontation with the US administration.
The ministry of interior of Bahrain on Sunday claimed that Iran attacked civilian targets in a water desalination plant after a drone attack.
The United States has clarified that its naval blockade in West Asia targets Iranian ports and coastline, not the Strait of Hormuz, applying to all ships regardless of nationality. US officials warned Iran against threatening commercial ships and hinted at ceasefire negotiations as an alternative.
The Pakistan Army intercepted and destroyed Afghan Taliban drones targeting civilian areas, resulting in injuries. This incident has further strained relations between the two countries, with Pakistan reiterating its commitment to combating terrorism emanating from Afghanistan.
Citizens in the city of Ilam formed a human chain on Tuesday to demonstrate their defiance against recent threats from US President Donald Trump.
Specifically, military experts are assessing if the 'Octopus' interceptor anti-drone system, produced in the UK to support Ukraine in countering Russian threats, could be repurposed to strengthen British protections against Iran's Shahed drones.
Prime Minister Narendra Modi asserted India's unwavering stance against terrorism on the first anniversary of the Pahalgam terror attack, vowing that the country will never bow to terror and that the designs of terrorists will never succeed.
Tensions between Washington, DC and Tehran have reached a boiling point, as a heavy barrage of aerial strikes was reported across multiple locations in Iran on Tuesday.
'Strikes into the Gulf countries are proof that the security guarantees offered by the US are ineffective and that the Gulf countries cannot rely on American security assurances for their safety.'
United States President Barack Obama on Friday asked Libyan leader Muammar Gaddafi to immediately shun attacking civilians, stop his troops from advancing on Benghazi and pull them back from other cities, warning that a United Nations resolution will be enforced through "military action".
As intense fighting brought Libya close to a civil war, British Prime Minister David Cameron has threatened the country's strongman Muammar Gaddafi with military action by imposing a no-fly zone and also suggested English troops could be involved in peacekeeping in the strife-torn nation.
The United States Central Command confirmed that the USS Rafael Peralta intercepted an Iranian-flagged ship, enforcing a maritime blockade against Iran. The US military is prepared to resume major combat operations if ordered by the President.
The logic of war plus the gathering storms in US politics as the midterms loom large leave him with no real alternative but to negotiate, points out Ambassador M K Bhadrakumar.
Two drones struck areas surrounding Dubai International Airport on Wednesday amid the ongoing West Asia conflict, injuring four people including an Indian national, though authorities said there were no fatalities and flight operations continued normally.
US President Donald Trump has asserted that the destruction of an American military aircraft will have no bearing on diplomatic discussions with Iran, according to a report by NBC News.
Trump said that the strait will be "open very soon" if ongoing negotiations with Tehran continue successfully.
Yousef Pezeshkian, the son of the Iranian President, has confirmed that Iran's Supreme Leader Mojtaba Khamenei is 'safe and sound'. This comes after certain reports claimed that he had been injured during the ongoing strikes by the United States and Israel, according to Al Jazeera.
Chinese President Xi Jinping warned US President Donald Trump that mishandling the Taiwan issue could trigger conflicts between the two countries during wide-ranging talks on trade, Iran, and energy security.
High-level peace talks between the US and Iran, facilitated by Pakistan, aim to de-escalate the conflict in West Asia and potentially reshape regional stability.
US President Donald Trump on Thursday said that he has directed the country's Navy to take decisive action against any vessels attempting to lay mines in the strategically vital Strait of Hormuz amid escalating tension over the virtual control of the waterway between Tehran and Washington.
Afghanistan players withdrew from the Pakistan Super League (PSL) auction following backlash over the direct signing of Rahmanullah Gurbaz, reflecting strained relations between Pakistan and Afghanistan.
'The tools of warfare are changing. The MoD must deepen its engagement with technology thinkers that can present compelling visions of where warfare may be heading.'
Union ministers paid tribute to the victims of the Pahalgam terror attack on its first anniversary, reaffirming India's commitment to combating terrorism with a firm and zero-tolerance policy.
The Congress party has criticised the Modi government on the first anniversary of the Pahalgam terror attack, stating that Pakistan has gained global respectability due to the failure of Prime Minister Narendra Modi's foreign policy.
China has called on Iran to reopen the Strait of Hormuz and expressed appreciation for Tehran's commitment not to develop nuclear weapons, a key demand of the US to end the conflict.
The United States has redirected 48 vessels in the Persian Gulf, particularly in the Strait of Hormuz, over the past 20 days amid ongoing enforcement actions related to restrictions on Iranian maritime assets by the US Navy.
Pakistani security forces killed at least 13 terrorists along the Afghanistan border in Khyber Pakhtunkhwa province during operations in Mohmand and North Waziristan districts.
Protests erupted in Jammu and Kashmir following events in Iran, leading to heightened security measures and appeals for peace.
India is the only significant power that all parties trust, or at least do not distrust, notes former defence secretary Ajay Kumar.
Donald Trump's inconsistent statements and actions regarding the conflict with Iran have drawn criticism and confusion, raising questions about American credibility and the direction of US foreign policy.
Donald Trump has issued a stern warning to Iran, stating that the US will take a tougher stance if a diplomatic resolution regarding its nuclear programme is not reached soon.
...is a way out, notes Prem Panicker in his must read blog on the Iran War. What the indefinite extension produces is a prolonged condition of not-war-not-peace, in which oil markets cannot stabilise, Asian refineries cannot plan, European governments cannot stop subsidising consumption they cannot afford, and the next flashpoint -- a seized tanker, a miscalculated drone strike, a Truth Social post that claims too much -- is one news cycle away.
While Trump described the operation as the 'most daring' search and rescue mission in US military history, Iran termed it a victory, claiming it shot down a C-130-class aircraft involved in the operation.
'Neither do the Israelis. The two attacking parties have very little economic interest in Hormuz.'
The investigation into the Patiala freight corridor blast has led to the seizure of a large cache of munitions and explosives and the uncovering of a deep-rooted terror conspiracy involving Pakistan-backed ISI and pro-Khalistan terrorists, Punjab police said.
The Chinese military on Monday started new major drills in the 'middle areas' of the Taiwan Strait amid rising diplomatic tensions with Japan over Taiwan that Beijing claims as its territory.
