The intensifying conflict in West Asia sent Indian and Asian markets into a tailspin, with benchmark indices logging their biggest single-day fall in months. Surging crude oil prices and heightened investor anxiety fueled the sharp sell-off.

Stock market crash: Despite crashes and volatility, Nifty 50 has given around 68% returns and Sensex has given multibagger returns of over 195% in the last ten years.

Amid a sharp selloff in the Indian stock market, PSU bank stocks are facing unprecedented losses. As geopolitical tensions rise and inflation fears loom, investors are cashing out, leading to significant declines for banks like SBI and Canara Bank. 

Crude oil prices surged to nearly $120 per barrel due to escalating conflict in Iran, affecting Middle East production. The rise, the largest since 2020, pressured financial markets, leading to significant declines in Indian indices and affecting various sectors reliant on crude oil.

Saudi Arabia warns Iran of significant losses if attacks on Arab nations persist, following drone strikes on key oil facilities. Aramco faces disruptions and has rerouted shipments amid rising geopolitical tensions, leading to a surge in global oil prices and concerns over supply disruptions.