Worst fall since 2024 crash: Markets tank on crude spike, global jitters

The broad market is currently experiencing significant volatility and a sharp correction, reversing recent positive trends. Rising crude oil prices are a major headwind for the Indian economy and equity markets.

• •Indian markets experienced their worst fall since the 2024 crash.
• •The market decline was triggered by a spike in crude oil prices and global jitters.
• •The Sensex ended around 2,500 points down, wiping out approximately Rs 11-12 lakh crore of investor wealth.
• •This follows a period of three consecutive days of gains for the Sensex and Nifty.
• •Risk flag: Continued escalation in crude oil prices