Stock market crash, July 8 -- Following the escalation of the US-Iran war and rising crude oil prices, the Indian stock market opened lower in early-morning trading on Wednesday. The key benchmark indices further extended their gap-down opening and crashed by over 0.50% within a few minutes of the Opening Bell.

The Nifty 50 index opened lower at 24,259 and touched an intraday low of 24,184, logging an intraday loss of 214 points or 0.85%. The BSE Sensex had a gap-down opening at 77,816. The 30-stock index touched an intraday low of 77,483, logging an intraday loss of 697 points. Likewise, the Bank Nifty index opened downside at 57,918 and touched an intraday low of 57,706, recording an intraday loss of 494 or 0.85%.

According to data av...