Sensex crashes 1,793 points, Nifty50 falls below 24,000 mark
The Indian stock market had a rough start to the week. Sensex dropped 1,793 points and Nifty50 opened below 24,000.
This follows last week's slide, with both indices losing nearly 3%.
Top companies lost ₹2.8 lakh crore last week
It's not just numbers on a screen: eight of India's top companies together lost over ₹2.8 lakh crore in value last week.
If the volatility sticks around, it could shake investor confidence and make things rocky for anyone with money in the markets.
Japan's Nikkei tumbles about 3,880 points
Rising tensions in the Middle East are pushing oil prices higher (Brent crude jumped to $114 a barrel), which hits India hard since we import most of our oil.
That means higher costs across sectors and pressure on the rupee.
The uncertainty is also rattling Asian markets: Japan's Nikkei fell roughly 7-8% (tumbling about 3,880 points to around 51,740), while Hong Kong's Hang Seng slid nearly 3%.