War premium hammers Dalal Street; Sensex crashes 1,627 points as crude surge spooks markets

War premium hammers Dalal Street; Sensex crashes 1,627 points as crude surge spooks markets

The geopolitical trigger is the widening Israel–US–Iran conflict, which has disrupted trade flows through the Strait of Hormuz, pushing crude oil prices sharply higher

Markets opened under severe selling pressure on Wednesday morning, with the BSE Sensex plunging 1,626.71 points or 2.03 per cent to 78,612.14 by 9.55 am, from its previous close of 80,238.85, after o… [+5885 chars]