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Indian Stock Market Plunge: Investors Lose ₹10 Lakh Crore Rapidly; Unpacking 4 Major Causes of Panic
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Indian Stock Market Plunges: 10 Lakh Crore Wiped Out in Minutes Amid Geopolitical Tensions
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CNBC Awaaz
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02-03-2026, 15:43
Indian Stock Market Plunges: 10 Lakh Crore Wiped Out in Minutes Amid Geopolitical Tensions
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Indian stock market experienced a sharp decline on March 2, 2026, with Nifty falling below 24,700.
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Investors' wealth declined by over 10 lakh crore rupees in initial minutes due to geopolitical tensions in the Middle East.
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Global cues, surge in crude oil prices, weakening rupee, and selling by foreign investors were key reasons for the crash.
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More than 460 Nifty 500 stocks declined, with Nifty Midcap 100 dropping over 2%.
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Brent crude surged by up to 12%, crossing $80 per barrel, while the Indian rupee weakened against the dollar.
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