Trump Speech, April 2 -- The Indian stock market witnessed a sharp sell-off on Thursday, April 2, after U.S. President Donald Trump's address failed to provide any clarity on easing tensions in the Middle East, triggering risk-off sentiment globally.

Benchmark indices Sensex and Nifty 50 plunged over 2% each in intra-day trade, with the Sensex falling more than 1,500 points to an intraday low of 71,546, while the Nifty 50 dropped nearly 500 points to 22,183.

The sell-off came after Trump signalled that the United States would continue its military campaign against Iran for the next few weeks, raising fears of prolonged geopolitical instability. His comments led to a surge in oil prices and strength in the dollar and bond yields, further...