War jitters crush markets, Sensex sinks 1,700 points

ETMarkets.comIndian rupee hit a fresh record low on Friday, falling past the 94-mark against the US dollar. Stock markets crashed on Friday, with the Sensex plunging nearly 1,700 points and Nifty closing below 22,850. The decline followed a strong two-day rally of over 3.5% in the benchmarks. A record-low rupee, along with fading hopes of a de-escalation in the Iran–US conflict, weighed on sentiment and brought bears back to Dalal Street.Sensex declined around 1,690 points to 73,583, while Nifty...