The Economic Times

Rs 6 lakh crore wiped off! Sensex slumps over 1,300 points, Nifty below 23,900: 5 factors behind today's market crash

Indian stock markets saw a steep fall on Wednesday. The Sensex dropped over 1,000 points and the Nifty50 neared 24,000. This decline followed a flat opening amid global uncertainty. Key factors included ongoing Iran-Israel conflict, a weakening Rupee, continued FII selling, and profit booking after recent gains. Reliance Industries shares rose on news of a US refinery partnership.