Rs 5 lakh crore wiped out! Sensex tumbles over 1,400 pts, Nifty below 22,700; escalating Iran-US-Israel war among factors behind today’s D-St crash

Indian stock markets experienced a significant downturn on Monday, with Sensex and Nifty both plummeting. This sharp selloff, wiping out substantial market capitalization, was driven by escalating geopolitical tensions, a weakening rupee, and broad-based loss across various sectors. The Sensex fell over 1,400 points while the Nifty dropped below the 22,700 mark. Analysts point to the escalating conflict between Iran, the US, and Israel as a primary catalyst for the risk-off sentiment globally, which has hit emerging markets like India particularly hard.