Investors lose Rs 6 lakh crore as Sensex plunges 1600 pts, Nifty cracks below 23,300

Domestic benchmark indices Sensex and Nifty snapped their three-session winning run on Thursday, weighed down by weak global cues and a sharp surge in crude oil prices, as escalating tensions in West Asia and attacks on Iran’s energy infrastructure dented market sentiment. At 9:16 am, the BSE Sensex plunged 1636.03 points, or 2.13%, to 75,068.10. The NSE Nifty slumped 505.50 points, or 2.13%, to 23,272.30. The domestic indices suffered a sharp fall, eroding around Rs 6.53 lakh crore in early trade. Investor wealth, as reflected in the BSE’s market cap, plunged to Rs 432.10 lakh crore, down from Rs 438.63…