Indian stock markets crashed on Tuesday, with Sensex and Nifty falling nearly 2% to extend sharp losses as rupee hitting fresh lifetime low, elevated oil prices and other factors spooked investors.
Sensex tumbled over 1,456 points to close at 74,559, while Nifty plunged over 436 points to end the session at 23,379. This came as India VIX, which measures volatility in markets, jumped 4% to 19.26. The losses wiped off more than Rs 10 lakh crore from the total market capitalisation of all companies listed on BSE, pulling it down to Rs 457 lakh crore.
