Over ₹6 lakh cr investor wealth erased as Sensex sinks 700 points

Indian benchmark indices witnessed a sharp sell-off on Monday, with the BSE Sensex plunging more than 700 points. The downturn wiped out ₹6.51 lakh crore in investor wealth in a single trading session. Escalating tensions in the Middle East, a severe tech-led sell-off across Asian markets, and surging crude oil prices weighed heavily on sentiment, dragging Indian equities sharply lower.