Key Highlights
- Sensex dropped approximately 1,800 points to an intraday low of 78,443.20.
- Nifty 50 fell over 550 points, reaching a low of 24,305.40.
- The Indian market was closed for Holi celebrations the previous day, leading to a sharp reaction upon reopening.
- Crude oil prices surged to a 19-month high due to escalating Middle East tensions.
- India's Volatility Index (VIX) increased over 20%, indicating heightened market anxiety.