Brief by Shorts91 Newsdesk / 04:57am on 02 Mar 2026,Monday Business
Indian stock markets suffered a brutal selloff Monday morning as escalating West Asia tensions rattled investor confidence. The Sensex crashed over 2,700 points at open, while Nifty 50 plunged 500-plus points, wiping out over ₹8 lakh crore in investor wealth within minutes. Five key factors drove the crash: US-Iran war fears following Khamenei's killing, crude oil surging over 8% to multi-month highs, the rupee breaching Rs 91 per dollar, aggressive FII selling marking their eighth consecutive month of net equity offloading, and broader geopolitical uncertainty. Analysts warn prolonged conflict could widen India's current account deficit, accelerate inflation, and trigger further foreign capital flight. (PC: Mint)
