Indian equity markets witnessed a sharp decline today, with the Sensex falling over 1,400 points and the Nifty slipping below the 22,700 mark. The downturn erased nearly Rs. 5 lakh cr. of investor wealth.
The sell-off was largely driven by escalating geopolitical tensions involving Iran, the US, and Israel, which triggered global risk aversion. Rising crude oil prices also added pressure on inflation expectations.
Market experts believe volatility may continue in the near term as investors react to global developments and foreign fund outflows.
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