Rs 7.5 lakh crore selloff! US-Iran war fears among 5 key triggers behind Sensex's 1,400-point intraday crash

Indian stock markets, Nifty and Sensex, experienced a sharp selloff on Thursday, wiping out Rs 7.55 lakh crore in investor wealth. This decline was driven by geopolitical tensions involving the US and Iran, uncertainty surrounding US Federal Reserve rate cuts, rising crude oil prices, and increased bond yields, alongside profit booking by investors.