Stock Market Crash: Rs 12 lakh crore wiped out! Sensex plunges over 2,400 points, Nifty below 23,800: Key

Indian stock markets experienced a sharp crash on Monday, with Sensex and Nifty plunging 3% each. This decline, extending last week's losses, was driven by the escalating Iran-Israel-US conflict, which spiked crude oil prices and raised concerns about India's rupee and macroeconomics. The selloff erased over Rs 12.39 lakh crore from market capitalization within minutes.