The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 25,425 level, a discount of nearly 50 points from the Nifty futures’ previous close.

The heavyweights like Reliance Industries, L&T, Axis Bank, etc. saw maximum cuts in Nifty 50 and Sensex as markets crashed on October 03 owing to geopolitical tensions.

The frontline indices closed down more than 2%, with the Sensex plunging 1,769 points to 82,497 and the Nifty falling 547 points to 25,250.

Nifty-50 index after seeing sharp fall of more than 2% on Thursday amidst Iran-Israel war fears, however has broken most resistances may find support in 25,000-25,150 zone say analysts

At the opening bell, the BSE Sensex was at 83,561, down 704 points, or 0.84 per cent, while the Nifty 50 was at 25,565, down 231 points, or 0.9 per cent. That apart, the BSE Sensex closed down 33.49 points or 0.

Indian benchmark indices BSE Sensex and Nifty 50 were trading deep in the red on Thursday, as escalating tensions in the Middle East weighed on market sentiment.

All the sectoral indices, barring the metals ended in the red. Nifty Auto, Nifty FMCG, Nifty Realty, Nifty Private Bank fell the most, with cuts exceeding up to 4.5%. The stock market crash today resulted in the decline in market capitalisation of all listed companies on BSE by around ₹10 lakh cr.

Geopolitical concerns following Iran's official entry into the war in the Middle East, with missile launches on Israel, has flared up tensions, sending crude prices soaring.

Indian equity benchmark indices BSE Sensex and NIfty 50 tumbled at pre-open on Thursday, amid escalating tensions in the Middle East, apart from the implementation of changed norms for trading in benchmark index derivatives.