Market crash wipes out ₹5 lakh crore in investor wealth due to US-Iran tensions
On Wednesday, investors saw their wealth shrink by approximately ₹5 lakh crore in just a few minutes as both the Sensex and Nifty tumbled during early trading hours, fueled by renewed conflict between the US and Iran. The Sensex plunged more than 800 points, reaching a low of 76,135.72, while the Nifty declined by 1%, falling beneath the 24,000 mark. The downturn was further exacerbated by a significant jump in crude oil costs and an increase in global bond yields.
by shortkt.com✓