The Sensex and Nifty dropped about 1% as tensions between Iran and Israel worried investors, leading to a subdued market sentiment. Broader indices like Nifty Midcap 100 and Nifty Smallcap 100 also saw declines of up to 3%.
Analysts anticipate a period of consolidation in the coming days, following a recent uptrend, especially with the onset of the earnings season and the commencement of Lok Sabha voting. This consolidation is expected to provide a breather for investors amid escalating geopolitical tensions.