Sensex Crashes 1,700+ Pts, Nifty Below 22,600 Amid Oil Shock, Global Risk Aversion

• Indian equity benchmarks experienced a sharp selloff on March 23 due to surging oil prices and currency weakness.
• BSE Sensex plunged 1,767.18 points (2.37%) to 72,765.78; Nifty 50 dropped 564.45 points (2.44%) to 22,550.05.
• Banking, financial, cyclical, and metal stocks led the broad-based selling pressure.
• IT stocks showed limited resilience, but their gains were insufficient to offset broader market losses.
• Gold and silver also tumbled as a stronger US dollar reduced the appeal of safe-haven assets.