Indian Markets Crash | Nifty Down By Over 700 Points, Sensex Plunges 2000 Points As War Intensifies
Indian benchmark indices fell down sharply at the opening on Monday, mirroring the weakness in global markets due to the ongoing Iran war. While the Nifty dropped below the psychologically important 24,000-mark, Sensex tanked over 2,000 points. The GIFT Nifty, an early indicator of Nifty 50's performance in India, also slumped 2.3% to 23,761.50. Notably, the stock market rout comes after oil prices surged above $105 per barrel on Monday.
