Sensex and Nifty Drop on US-Iran Crisis

The Indian stock market had a bad day on Thursday, 22 July.

The Sensex and Nifty 50 dropped a lot, almost 1%.

The mid- and small-cap segments did even worse.

There are a few reasons for this.

First, the US President announced new tariffs on generic drugs, which made investors worried.

Second, the conflict between the US and Iran is getting worse, which is making oil prices go up.

Higher oil prices can make things more expensive and make the economy slower.

All these things together made the stock market go down.