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₹6 Lakh Crore Wiped Out: Key Factors Behind Today’s Market Crash Amid Middle East Conflict

IndiaVision Thursday, 3 October 2024
Today, the Indian stock market saw significant losses, erasing around ₹6 lakh crore in investor wealth as both the BSE Sensex and NSE Nifty dropped by approximately 1%. This sudden decline follows a period of rally and can be attributed to several critical factors: 1. Geopolitical Instability: The ongoing Middle East conflict, particularly between Israel and Lebanon, has created uncertainty in global markets. Investors are turning to safer assets, causing equity markets to dip. 2. Rising Oil Prices: As a major crude oil importer, India is feeling the pressure from increasing oil prices, which have surged due to concerns over potential supply disruptions from the conflict. Brent crude futures rose […]

₹6 Lakh Crore Wiped Out: Key Factors Behind Today’s Market Crash Amid Middle East Conflict
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Video Credit: euronews (in English) - Published
News video: Middle East crisis could spark new wave of refugees to Europe: UN

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