The Indian stock market slipped into the deep red on Wednesday, with Sensex and Nifty falling around 1% briefly before recovering some losses as escalating US-Iran tensions, soaring oil prices and other factors spooked investors.
After opening, Sensex dropped over 750 points to fall below 76,200 while Nifty 50 plunged over 200 points to slip below 23,800 level in the morning. The sharp drop in the stock market wiped off nearly Rs 5 lakh crore from the total market capitalisation of BSE within minutes from opening, dragging it down to Rs 488 lakh crore.
