Why Indian stock markets are crashing, erasing ₹12.78 trillion in value
Big dip alert: Indian stock markets slid almost 3% on Monday, March 9, 2026, wiping out a massive ₹12.78 trillion in value.
The entire Sensex was in the red, with the BSE Sensex falling about 2,300 points (2,299.65 points) and Nifty down about 714 points (714.20 points), all thanks to rising tensions in West Asia.
Investors have lost ₹31 lakh crore in wealth
If you're wondering why this matters, here's the deal: The rupee also fell to 92.32 against the dollar, making imports, especially oil, even pricier for India.
Since late February, investors have lost ₹31 lakh crore in wealth.
This could mean higher prices and tighter margins for companies (and possibly pricier stuff for everyone).
Brent crude prices surge to $115 per barrel
The main culprit is surging crude oil prices: Brent crude surged to around $114-$115 per barrel, rising more than 25% over the week amid concerns about disruptions to shipping through the Strait of Hormuz amid U.S.-Israel tensions.
VK Vijayakumar from Geojit Financial Services said markets face heightened uncertainty and potential inflationary risks.
Foreign investors pull out money
Foreign investors have been pulling money out fast, hitting sectors like public banks (down over 5%) and aviation (InterGlobe Aviation dropped nearly 8%).
With global tensions still high and oil prices spiking, market volatility could stick around for a while.