The selloff in India’s stock market intensified after a day’s break as the Iran war dragged on for the fifth day, with both equity benchmarks down at least 2% each.
The 30-share BSE Sensex fell as much as 2.19%, or 1,758.22 points to 78,480.63, even as the wider NSE Nifty 50 shed more than 500 points for a gap-down open. The oil & gas stocks fell, defence stocks surged. The crash has wiped out nearly ₹9 lakh crore in investor wealth.
The rupee crossed the 92/$ for the first time. Financials were top Nifty losers.