Indian stock markets saw the biggest selloff in recent months as US-Iran tensions knocked down global equities. The Sensex fell 788 points to settle at 40,676, wiping out ₹3 lakh crore in market value. The broader Nifty crashed nearly 2% to 11,993 as oil prices continued to spike. The rupee also fell sharply against the US dollar, breaching the 72 mark.

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