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Sensex Slips 400 Points, Nifty Drifts Below 23,300 As Renewed US-Iran War Dents Risk Appetite

Sensex and Nifty started on a weak note in early trade amid renewed escalation in the US-Iran war. Here’s a look at the key stocks and sectors that are dragging the benchmark indices lower

Crude oil prices fell slightly in Asian trade after Israel and Lebanon agreed to renew their ceasefire. Photo: Canva

Benchmark indices opened on a weaker note on June 4, tracking a sell-off across global markets amid renewed escalation in the US-Iran war. Sentiment was further weighed down by caution ahead of the Reserve Bank of India’s monetary policy decision, due on June 5.

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The BSE Sensex opened the session with a gap-down of 410.34 points, or 0.55 per cent, at 73,935.83, while the NSE Nifty 50 started lower by 123.15 points, or 0.53 per cent, at 23,282.45.

Broader markets mirrored the weakness at the open, with both the Nifty Midcap 100 and Nifty Smallcap 100 trading marginally in the red in early deals.

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