Indian Stock Market Plunges: 10 Lakh Crore Wiped Out in Minutes Amid Geopolitical Tensions

• Indian stock market experienced a sharp decline on March 2, 2026, with Nifty falling below 24,700.
• Investors' wealth declined by over 10 lakh crore rupees in initial minutes due to geopolitical tensions in the Middle East.
• Global cues, surge in crude oil prices, weakening rupee, and selling by foreign investors were key reasons for the crash.
• More than 460 Nifty 500 stocks declined, with Nifty Midcap 100 dropping over 2%.
• Brent crude surged by up to 12%, crossing $80 per barrel, while the Indian rupee weakened against the dollar.