Explained | Stock market crash today: Nifty below 23000, Sensex slides over 1170 pts as rupee hits lifelong low near 95
The Indian stock market indices Sensex and Nifty 50 declined on Wednesday, March 11, due to cautious investors amid the US-Iran war. The Sensex ended 1342.27 points lower at 76,863.71, while the Nifty lost 417.85 points to settle at 23,843.75.
The Indian stock market experienced a significant decline on Wednesday, March 11. The Sensex fell 1342.27 points to 76,863.71, and the Nifty 50 lost 417.85 points to 23,843.75. This decline was mainly due to banks, financial services, and auto stocks. The market capitalisation of BSE-listed firms decreased by around ₹3 lakh crore. Global markets were also affected, with US stock futures and European equities weakening. Oil prices rose due to reports of attacks on vessels in the Middle East. The Indian stock market's decline was part of a broader global trend, with investors cautious amid escalating geopolitical tensions.
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