Sensex crashes over 1,600 points at open amid escalating Gulf war

Sensex crashed over 1,600 points to hit 74,750.92 at open on Thursday. Nifty also plunged over 1% to reach 23,197.75. The sharp decline comes amid the escalating Middle East war, rising oil prices and the US Fed keeping interest rates unchanged. US Fed Chair Jerome Powell's cautious stance on inflation also weighed on market sentiment.