Rs 7 lakh cr wiped out! Sensex plunges 1,900 pts, Nifty below 23,200; oil surge among 6 factors behind today’s D-St crash

Indian stock markets sharply crashed on Thursday morning, with the Sensex plunging more than 1,900 points and the Nifty 50 tumbling below the 23,200 level after recording gains for three consecutive days. Soaring crude prices and hawkish Fed commentary were among the key factors behind the market decline. Sensex plunged 1,953 points to open at 74,751, while Nifty 50 declined over 580 points to begin the session at 23,198. The sharp selloff wiped off more than Rs 7 lakh crore in just a few minutes since opening from the total market capitalisation of all companies listed on BSE, dragging it…