Sensex Drops 1,048 Points Amid West Asia Crisis, Fear Index Surges 25%

The Indian stock market saw a sharp slide this week as geopolitical tensions in West Asia rocked global markets. The BSE Sensex dropped 1,048 points, closing at about 80,239, in what was one of the steepest daily declines in recent months. At the same time, the India VIX, also called the fear index, surged roughly 25%, showing how jittery investors have become. We from the markets desk watched this sell-off unfold with growing concern. The drop wiped out billions in investor wealth and triggered broad selling across sectors.