Rs 5 lakh crore wiped out! Sensex tumbles over 1,400 pts, Nifty below 22,700; escalating Iran-US-Israel war among 6 factors behind today’s D-St crash

The pharma sector, often considered defensive, might see some relative stability or even inflows during broader market corrections driven by geopolitical events. However, a weakening rupee could impact import costs for certain raw materials.

• •Indian stock markets experienced a significant downturn on Monday.
• •Sensex and Nifty both plummeted, wiping out substantial market capitalization (Rs 5 lakh crore).
• •The selloff was driven by escalating geopolitical tensions (Iran-US-Israel war concerns).
• •A weakening rupee also contributed to the market decline.
• •Broad-based losses were observed across all sectors, with major indices and most individual stocks trading in the red.