Fri Jun 13 03:50:00 UTC 2025: Okay, here’s a summary and rewritten news article based on the provided text:
**Summary:**
The Indian stock market experienced a significant downturn on June 13th, triggered by Israel’s attack on Iran and further impacted by the previous day’s Air India aircraft incident. The Sensex and Nifty both fell by approximately 1.10%. All 30 Sensex stocks declined, with banking, oil & gas, auto, and IT sectors leading the losses. Airline stocks also suffered due to the Air India incident. Additionally, the Brent crude oil price surged by over 10% due to the geopolitical tensions. The market had also closed lower the previous day. In other news, the IPO of Oswal Pumps opened today.
**News Article:**
**Indian Stocks Plummet Amid Geopolitical Tensions, Air India Incident**
**Mumbai, India – June 13, 2024** – Indian stock markets plunged today, with both the Sensex and Nifty indices experiencing sharp declines, driven by escalating geopolitical tensions in the Middle East and anxieties stemming from yesterday’s Air India aircraft incident.
The Sensex slumped by roughly 900 points, or 1.10%, to trade at 80,800. The Nifty mirrored this downward trend, falling by approximately 250 points, also 1.10%, to around 24,600.
Across the board, all 30 stocks comprising the Sensex were trading in the red. The banking, oil & gas, auto, and IT sectors suffered the most significant losses.
The airline industry was particularly hard-hit, reeling from the fallout of yesterday’s Air India incident. Shares of IndiGo, the country’s largest airline, fell by 4%, while SpiceJet saw a decline of nearly 3%. Tata Group stocks, which operate Air India, also saw their share prices decline.
The market’s negative sentiment was compounded by a surge in global crude oil prices. Brent crude soared by over 10% following Israel’s strike on Iran, reaching beyond $78 per barrel.
This downturn follows a negative trading session yesterday, with the Sensex closing 823 points lower and the Nifty down by 253 points.
**IPO News:**
In other market news, the initial public offering (IPO) of Oswal Pumps, a manufacturer of pumps and motors, opened today, June 13th. The IPO will remain open for subscription until June 17th, with shares expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on June 20th. The company aims to raise ₹1,387.34 crore through the IPO.
First Piper 