Mumbai/IBNS, April 2 -- Panic gripped Dalal Street on Thursday morning as the Indian stock market went into a tailspin, with the BSE Sensex crashing over 1,500 points and the NSE Nifty 50 tumbling below the 22,300 mark.

Global jitters deepened as oil prices spiked sharply. Brent crude June futures surged nearly 5% to $106.15 per barrel, rattling investors already wary of inflationary pressures and geopolitical instability.

Markets, which had rallied just a day earlier on hopes of de-escalation, quickly reversed course as Trump's latest stance dashed expectations of a near-term easing of tensions.

In a recent interview with the New York Post, Trump had suggested the US campaign had significantly weakened Iran and hinted at a possible pu...