India, July 9 -- Investors' wealth eroded by '8.96 lakh crore on Wednesday as equity markets went into a tailspin after US President Donald Trump said the interim agreement with Iran is over, leading to a sharp surge in crude oil prices.

The 30-share BSE Sensex tanked 1,677.12 points, or 2.15 per cent, to settle at 76,503.60. On similar lines, the 50-share NSE Nifty tumbled 516.65 points, or 2.12 per cent, to end at 23,882.05. Tracking the bearish trend in equities, the market capitalisation of BSE-listed companies eroded by Rs 8.96 lakh crore to Rs 4,71,23,612.10 crore ($4.95 trillion).

Brent crude, the global oil benchmark, jumped 6.18 per cent to $78.74 per barrel. "Indian equity markets witnessed a sharp sell-off as US President Don...