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Indian financial markets suffered a massive blow during early trading hours today as the benchmark BSE Sensex plummeted by more than 900 points, while the Nifty 50 sharply dipped well below the crucial 23,100 psychological support mark. This aggressive economic sell-off was triggered overnight by a severe escalation in the Middle East, where fresh cross-border missile exchanges between Iran and Israel have effectively reignited intense global warfare anxieties. The sudden geopolitical shockwave caused global crude oil prices to surge by over three percent, instantly raising heavy domestic inflation alarms for India, which heavily relies on imported oil to satisfy its immense energy needs. Concurrently, international commodities witnessed wild volatility, causing domestic MCX gold futures to dive sharply by over 1,800 rupees per 10 grams as investors rapidly liquidated assets to cover broader market losses. Domestically, the bleeding was visible across nearly all sectors, with massive structural hits observed in major IT stocks, banking conglomerates, and automotive manufacturing giants. Small-cap and mid-cap indices were not spared either, registering sharp drops close to one percent as retail investors rushed to shelter their capital. Market experts are strongly advising traders to exercise extreme caution over the next 48 hours, warning that Indian equities will likely remain highly volatile as long as the threat of an extended regional war disruptions looms over global supply chains.
