Unpacking the Triggers: Why ₹11 Lakh Crore Vanished from the Stock Market on Wednesday

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₹11 Lakh Crore Wiped Out: West Asia Conflict Triggers Stock Market Crash

Indian equities have seen a sharp drop on Wednesday as the conflict in West Asia shows no signs of de-escalation even on the fifth day. The Nifty is down over 500 points in early trading resulting in investor wealth worth over ₹11 lakh crore being wiped out in just the first 10 minutes of the session. Here are the key triggers behind today's fall:

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CNBC TV18•04-03-2026, 09:43

₹11 Lakh Crore Wiped Out: West Asia Conflict Triggers Stock Market Crash

•Indian equities plunged Wednesday, wiping out ₹11 lakh crore investor wealth as Nifty dropped over 500 points.
•The ongoing West Asia conflict is the primary trigger, causing oil prices to surge and impacting gas security.
•Rupee hit a record low of 92.17 against the US Dollar; RBI intervened by selling greenbacks to support the currency.
•Stocks with Middle East exposure like Larsen & Toubro saw significant selling pressure, falling 7%.
•Defence, IT, and select Pharma sectors showed resilience, trading with gains amidst the market downturn.

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Indian equities have seen a sharp drop on Wednesday as the conflict in West Asia shows no signs of de-escalation even on the fifth day. The Nifty is down over 500 points in early trading resulting in investor wealth worth over ₹11 lakh crore being wiped out in just the first 10 minutes of the session. Here are the key triggers behind today's fall:

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