SENSEX, NIFTY tumble 1.5%: Key reasons why the market is falling today

The S&P BSE SENSEX slipped 1,285.25 points, or 1.5%, to hit a low of 84,274.64 in the intraday trade. The broader NIFTY50 index of the NSE was trading at 25,800.15, down 378.80 points, or 1.45%. 

The Nikkei led the early action with a dive of 4.1% as investors anxiously waited for more direction from new Prime Minister Shigeru Ishiba, who has been critical of the Bank of Japan's easy policies in the past.

The Popular Front for the Liberation of Palestine (PFLP) said the three leaders were killed in a strike that targeted Beirut's Kola district.

Israel's increasing frequency of attacks against the Hezbollah militia in Lebanon and the Houthi militia in Yemen have prompted fears that Middle East fighting could spin out of control and draw in Iran and the United States, Israel's main ally.

The PFLP is another militant group taking part in the fight against Israel.

Israel on Sunday launched airstrikes against the Houthi militia in Yemen and dozens of Hezbollah targets throughout Lebanon after earlier killing the Hezbollah leader.

BSE has revised the transaction fees for SENSEX and BANKEX options contracts in the equity derivatives segment to ₹3,250 per crore of premium turnover.

According to the NSE, the transaction fee for the cash market will be ₹2.97 per lakh of traded value. For equity futures, the fee will be ₹1.73 per lakh of traded value, while for equity options, it will be ₹35.03 per lakh of premium value.

In the currency derivatives segment, futures will incur a fee of ₹0.35 per lakh of traded value, and options, including interest rate options, will have a fee of ₹31.10 per lakh of premium value.

These announcements are expected to impact trade volumes.