Rs 5 lakh crore wiped out in minutes as Sensex plunges 1,000 points; Nifty below 23,600. 5 reasons behind

Indian stock markets experienced a sharp selloff on Thursday, with Sensex and Nifty 50 declining significantly. Escalating Iran-Israel tensions, persistent FII selling, and rising crude oil prices above $100 per barrel weighed heavily on investor sentiment. The market capitalization saw a substantial drop, with most sectoral indices trading in the red.