Sensex falls over 550 points, Nifty below 23,900 as US-Iran launch fresh attacks, rupee tumbles to record low

Indian stock markets saw a significant drop today. The Sensex and Nifty declined as tensions rose in the US-Iran conflict. The Indian rupee also hit an all-time low against the dollar. This spooked investors, overshadowing earlier optimism from state election results. Broader markets, however, showed marginal gains. Oil prices cooled down despite the escalations.