Investors in Indian markets faced significant losses as the Sensex and Nifty indexes tumbled, erasing over ₹7 lakh crore in market capitalization.
This steep decline was led by a 1,300-point drop in the Sensex and a 400-point loss in the Nifty, driven by rising crude oil prices and increased foreign investor outflows. Experts cited geopolitical tensions in the Middle East and pre-election profit-booking as contributing factors.