Lagatar24 Desk
Mumbai: Indian stock markets witnessed heavy selling pressure as the Sensex plunged nearly 1200 points in early trade, wiping out around ₹5 lakh crore of investor wealth amid global tensions and rising crude oil prices.
Global Factors Trigger Massive Sell-Off
The sharp decline was driven by the ongoing West Asia conflict, continuous selling by foreign investors, and surging crude oil prices. As trading began on Monday, the BSE Sensex dropped significantly, while the Nifty 50 also saw steep losses. Within minutes of market opening, investor wealth eroded sharply due to panic selling across sectors.
Partial Recovery But Market Remains In Red
By mid-morning, markets showed slight recovery but continued to trade in negative territory. The Sensex was down over 1000 points, while the Nifty slipped below key levels. Banking stocks also faced heavy losses, dragging indices further. Most stocks on the benchmark index traded in the red, with only a few showing marginal gains, reflecting weak market sentiment.
