Stock Market Crash: Rs 8 lakh crore gone! Sensex slumps 2,700 pts, Nifty below 24,700 as Mideast war rattles markets

Indian stock markets experienced a significant downturn on Monday, with the Sensex and Nifty 50 opening sharply lower. This decline, exceeding 2,700 points for the Sensex and 500 points for the Nifty 50, was largely attributed to the escalating Middle East conflict and reported missile strikes. The market capitalization saw a substantial erosion of over Rs 7.