Indian equity markets suffered a severe late-day rout on Tuesday, with benchmark indices closing significantly lower as geopolitical fears overshadowed domestic fundamentals.
The BSE Sensex plunged 1,677 points, while the Nifty 50 broke below the critical 23,900 support level, marking a sharp deterioration from earlier trading sessions.
The sell-off was triggered by remarks from US President Donald Trump, who signaled that diplomatic negotiations with Iran had effectively collapsed.
The comments reignited concerns over potential supply disruptions in the Middle East, prompting investors to flee risk assets in the final hour of trading.
Market participants reacted swiftly to the geopolitical escalation, with selling pressure broadening across sectors as traders reassessed downside risks.
This move extends a period of volatility for Indian equities, which had already seen the Nifty 50 slip below the 24,000 level in recent sessions.