Sensex crashes 1,700 points as Middle East crisis deepens; Rs 8 lakh cr erased

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Ziraat Times
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Mumbai, Oct 3: As the Iran-Israel conflict continues to escalate, the domestic stock market is feeling the heat, with the Sensex plunging over 1,400 points.

The total market capitalisation of BSE-listed companies witnessed a staggering decline of approximately Rs 8 lakh crore.

The sharp decline has raised alarm bells among investors, prompting concerns about the potential ripple effects on the Indian economy.

The Sensex was down 1,737.30 points, trading at 82,528.99 at around 1:47 pm, while the NSE Nifty50 also tumbled 530.70 points to 25,266.20.

At the heart of this market turmoil is the surge in oil prices triggered by escalating tensions in the region.

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