New Delhi, March 20 -- On Thursday, March 19 the primary benchmark indices, Nifty 50 and Sensex, dropped over 3%, marking their most significant decline since June 2024, primarily due to the sudden resignation of HDFC Bank's chairman and an increase in crude oil prices following attacks on energy facilities in the Middle East.

The Nifty 50 decreased by 3.26%, closing at 23,002.15 points, while the BSE Sensex experienced a similar decline, finishing at 74,207.24.

Approximately 13 trillion rupees ($139.47 billion) in market capitalization was lost on the National Stock Exchange of India on Wednesday, with total market value losses since the conflict began reaching around $400 billion.

The Indian rupee is anticipated to drop below the 93 ...