Why is market falling today? Sensex plunges over 750 pts, Nifty below 23,800. Key factors behind Rs 5 lakh crore wipeout

Sensex plunged over 750 points to fall below 76,200 while Nifty 50 slipped below 23,800, wiping off nearly Rs 5 lakh crore from BSE market capitalisation within minutes of opening. The sharp selloff was triggered by escalation in the Iran-US conflict, with fresh airstrikes exchanged overnight and threats to oil flows through the Strait of Hormuz, pushing Brent crude above $95 per barrel. Nifty IT led losses crashing over 2 percent, with Infosys, TCS and HCLTech falling the most among heavyweights.