The Economic Times

Friday the 13th selloff: Sensex tumbles 650 points; Nifty below 23,500. 6 reasons behind today's Rs 6 lakh crore wipeout

Indian stock markets experienced a sharp decline on Friday, with the Sensex and Nifty falling significantly, marking their biggest weekly drop in over a year. The ongoing Iran-Israel conflict and surging crude oil prices above $100 per barrel are major contributing factors. Global markets also mirrored this downturn, trading broadly in the red.