Summary of this article
Indian equity markets witnessed one of their sharpest selloffs in recent months on Tuesday, with investors losing nearly ₹11 lakh crore in wealth amid rising crude oil prices, a record-low rupee, escalating geopolitical tensions in West Asia and a brutal selloff in information technology stocks.
The BSE Sensex plunged 1,456 points or 1.92% to close at 74,559.24, while the NSE Nifty50 dropped 386 points or 1.62% to settle at 23,429.55. The selloff dragged the Nifty well below the crucial 23,500 mark and marked one of the steepest declines since late March.
