Indian Stock Market Crashes; Nifty Falls Below 22,800

The Indian stock market crashed on Monday, with the Sensex plunging 1,124 points and the Nifty falling 360 points to dip below 22,800, marking a six-month low. The decline, exceeding 1.5 percent, was driven by heavy foreign investor sell-offs, marking the seventh consecutive weekly drop. Midcap and smallcap stocks also suffered significant losses, while banking and financial stocks were hit hardest. Rising crude oil prices and Trump's rejection of Iran's offer to open the Strait of Hormuz negatively impacted the market. The rupee fell 20 paise to 95.89, and investors lost nearly five lakh crore rupees within the first hour of trading.