Sensex records sharpest single-day drop in three months
On Wednesday, the Sensex plunged more than 1,900 points before a partial recovery left it at 76,503.6. This marks the index's steepest one-day decline in three months. The downturn followed US President Donald Trump's announcement that the Iran ceasefire had ended. Additionally, the US launched attacks on Iran and withdrew a waiver previously granted for Iranian oil sales. A broad sell-off in AI stocks worldwide and rising oil prices further contributed to the market's negative performance.