The Sensex ended 1677 points lower, know the 3 reasons behind it. The stock market crashed due to US-Iran tensions, rise in crude oil prices, and weakness in global markets.

US-Iran Tensions

The US-Iran tensions led to a rise in crude oil prices, which in turn caused the stock market to crash. Brent crude oil prices rose by over 2% to $76 per barrel.

Weakness in Global Markets

The weakness in global markets also contributed to the stock market crash. The Nasdaq Composite fell by 1.16%, while the S&P 500 and Dow Jones Industrial Average fell by 0.45% and 0.25%, respectively.

Rise in Crude Oil Prices

The rise in crude oil prices was another major reason for the stock market crash. India imports nearly 85% of its crude oil requirements, so a rise in crude oil prices leads to an increase in the country's import bill, which in turn puts pressure on inflation.