Sensex crashes 1,100 pts, Nifty below 22,500: Brent near $120/bbl among 5 key factors behind today's Rs 7

Indian stock markets experienced a sharp decline on Monday. The Sensex and Nifty saw significant drops, wiping out substantial market capitalisation. This downturn was driven by escalating tensions between Iran and the US-Israel, which fueled a rally in oil prices. Major banking and financial stocks were among the top losers.