The Indian stock market extended its losses on Wednesday, with the Sensex and Nifty plunging over 2% each to log the worst single-day fall since March-end as surging crude oil prices, weak global cues and renewed geopolitical tensions battered investor sentiment. The selloff gathered pace in the second half of trade after US President Donald Trump said an interim agreement with Iran to end the war was "over", stoking fears of a fresh escalation in the Middle East.
Sensex crashed 1,677 points to close at 76,503.60, while Nifty 50 plunged around 517 points to end the session at 23,882.05. The sharp decline erased more than Rs 8 lakh crore in investor wealth, dragging the combined market capitalisation of all BSE-listed companies down to less than Rs 472 lakh crore.
