Sensex Tanks 1,650 Points, Nifty Below 22,831: Key Factors Behind Market Crash

• Sensex crashed over 1,650 points (2.2%) and Nifty 50 dropped nearly 500 points (2%) on March 27.
• Investors lost approximately Rs 8 lakh crore as BSE-listed firms' market cap fell to Rs 423 lakh crore.
• Global markets declined due to fading hopes of a US-Iran conflict resolution and elevated crude oil prices.
• Brent crude remained above $100 per barrel, impacting India's macroeconomic stability and import bill.
• Indian rupee hit a record low of 94.25 against the dollar, depreciating 4% since the conflict began.