Who’s To Blame For The Market Fall: Israel-Iran War Or SEBI’s F&O Circular? Watch Experts Take

The Indian stock market plunged over 2% on Thursday, October 3rd, with both Sensex and Nifty 50 experiencing sharp declines, marking four straight sessions of losses. Rising crude prices and foreign investor outflows have added to the pressure. Broader markets also took a hit, with Nifty Midcap and Nifty Smallcap indices dropping over 2% each. But what caused the market fall? Was it the escalating Israel-Iran conflict or SEBI’s new F&O circular? Kranthi Bathini, Director of Research at WealthMills Securities, believes that recent market highs had created froth, and major events like the Middle East war and SEBI's F&O circular triggered the drop. Nilesh Jain, Head VP of Technical and Derivatives Research at Centrum, attributes 60-70% of the market decline to SEBI’s circular, while 30-40% to the Israel-Iran war.