Sensex Crashes 1,313 Points as US-Iran Tensions Spike Crude, Rupee Hits Record Low
The Quick Take
- Sensex plunged over 1,313 points on May 11, 2026, amid soaring crude oil prices and US-Iran conflict fears
- Indian rupee hit a record low, compounding equity market stress driven by geopolitical risk premium
- Fading hopes of a US-Iran peace deal triggered heavy selling across Indian equities on Monday
- Prolonged West Asia conflict risks keeping crude elevated, threatening India’s import bill and current account
- Rising crude prices and Middle East tensions pose broader
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