Indian stock markets experienced a significant downturn on Wednesday morning. Sensex and Nifty saw substantial drops, reflecting investor concerns. Escalating US-Iran tensions and soaring oil prices spooked market participants. This sharp decline erased nearly Rs 5 lakh crore from market capitalization.

Sensex fell 500 points and Nifty slipped below 24,000 as renewed US-Iran tensions spiked crude oil prices, coupled with weak global trends and foreign fund outflows.

Indian stock markets experienced a significant downturn on Wednesday morning. Sensex and Nifty saw substantial drops, reflecting investor concerns. Escalating US-Iran tensions…