New Delhi, June 13 -- Indian stock market benchmarks, the Sensex and the Nifty 50, suffered sharp losses on Friday, June 13, in line with major Asian peers such as Japan's Nikkei and South Korea's Kospi, as heightened tensions between Israel and Iran spooked investors.

The Sensex opened at 80,427.81 against its previous close of 81,691.98 and dropped over 1,300 points, or 1.6 per cent, to hit an intraday low of 80,354.59, while the Nifty started the day at 24,473.00 against its previous close of 24,888.20 and crashed 1.7 per cent to an intraday low of 24,473.

The BSE Midcap and Smallcap indices crashed up to 1.5 per cent.

The overall market capitalisation of BSE-listed firms plunged to nearly Rs.442.5 lakh crore from Rs.449.6 lakh cror...