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 24,207, logging an intraday loss of 191 points or 0.78%. The BSE Sensex had a gap-down opening at 77,816. The 30-stock index touched an intraday low of 77,555, logging an intraday loss of 625 points or 0.80%. 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 t...