Sensex Crash Today: The Oil Shock Behind India’s $115 Billion Stock Wipeout
Indian shares fell hard on Tuesday, wiping about $115 billion from the market value of companies listed on the National Stock Exchange, as fading hopes for a U.S.-Iran deal pushed up oil prices and deepened concern over India’s external finances. The Nifty 50 dropped 1.83% to 23,379.55, while the BSE Sensex lost 1.92% to 74,559.24, their worst session in six weeks.