Sensex crashes over 1,000 points, Nifty50 below 22,850; erases nearly ₹6 lakh cr in an hour

BSE Sensex and Nifty50, the Indian equity benchmarks tanked in morning trade on Monday as persistently high crude oil prices and a spike in US bond yields added to investors’ woes. Both indices crashed over 1% amid the intensifying Iran-US conflict. While Sensex crashed over 1,000 points, Nifty50 went below 22,850. At 10:40 AM, Nifty50 was trading at 22,835.15, down 305 points or 1.32%. BSE Sensex was at 72,909.34, down 986 points or 1.33%.