The Indian stock market witnessed a massive sell-off today as geopolitical tensions between Iran, Israel, and the US entered a volatile phase. By mid-day, the Sensex crashed over 1,334 points to trade near 72,252, while the Nifty50 dropped by 1.72% to hit 22,426. The banking sector was the worst hit, with Nifty Bank and Nifty PSU Bank indices leading the downward spiral.

The ripple effect was felt globally, with South Korea’s Kospi diving 5.3% and Japan’s Nikkei falling over 4%. Crude oil prices spiked to $116.12 per barrel after Yemen’s Houthi rebels launched missile attacks, sparking fears of a severe supply crunch. Despite US President Donald Trump’s hint at a potential ceasefire, investors remained cautious. Interestingly, precious metals like gold and silver saw a 1.3% dip due to profit-booking amidst the chaos.