Indian Stock Market Plunges Amid Iran-Israel Conflict

Mumbai: The Indian stock market crashed as the Iran-Israel war intensified. The Bombay Stock Exchange's Sensex Index fell by over 1,600 points as soon as trading began.

The National Stock Exchange's Nifty continues to trade more than 450 points lower. Both global and Indian markets were hit by fears that the war could escalate in the region following the assassination of Iran's Supreme Leader Ayatollah Khamenei.

The possibility of rising crude oil prices also prompted investors to pull back. Shares in the banking, IT, and automobile sectors experienced significant losses.

The market was also affected by a massive sell-off by foreign investors. Concerns are growing that if the war continues, it could impact supply chains and lead to inflation. Economic experts assess that market instability is likely to persist in the coming days.