Indian equity markets opened sharply lower on Monday as heightened war tensions involving Iran, the US and Israel weighed on global risk sentiment.
The BSE Sensex slipped more than 1,400 points to trade around 79,820, while the NSE Nifty fell 444 points to about 24,734, reflecting broad-based selling.
The sell-off erased roughly Rs 9 lakh crore of investor wealth within a few hours, according to market estimates cited in the report.
Energy prices also surged as the conflict disrupted crude oil and natural gas transportation, pushing prices up by as much as 15%. Analysts warned that if the war continues, crude could climb to around $100 per barrel.
