Sensex falls 500 points, Nifty slips below 24,100 as US-Iran conflict escalates. What lies ahead?

Sensex tumbled over 515 points to 77,096.34 and Nifty 50 fell 146 points to 24,064 as escalating US-Iran conflict lifted Brent crude to about 85 dollars per barrel and pushed the rupee past 96 per dollar, its weakest since late May. Nifty Financial Services led the losses dropping 1 percent, while broad market breadth turned bearish with 1,608 declines against 780 advances on NSE. Experts warned that rising US 10-year yields at 4.61 percent and June CPI inflation at 4.38 percent could pressure FPI flows, advising caution until crude stabilizes; technically Nifty faces resistance at 24,400 with immediate support at 24,000.