Mar 12, 2026

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'Black Thursday', Sensex-Nifty crash as crude oil prices soar


Stock Market Crash: The ongoing war in the Middle East and the oil-gas crisis caused by it have caused an earthquake in the Indian stock market. As soon as the market opened on Thursday, there was a flutter among investors and the Sensex-Nifty dispersed like a palace of cards. Yesterday, an Iranian vessel was attacked in the Strait of Hormuz. Since then, the price of crude oil has skyrocketed. Crude oil prices jumped 9% in a single day. 


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