Sensex Drops Over 1,600 Points as Global Tensions and Oil Prices Impact Markets

Indian equity markets opened sharply lower amid global risk aversion linked to the US-Iran conflict and rising crude oil prices. The BSE Sensex fell over 1,600 points, dropping below 78,600, while the Nifty 50 slipped below 24,400, with financial and infrastructure stocks leading losses. Investor anxiety increased, reflected in a spike in the India VIX. Market capitalization declined by approximately ₹9 lakh crore, signaling broad-based selling pressure and concerns over inflation and interest rate outlooks.