The BSE Sensex dropped 350 points on September 7 as investors reacted to escalating tensions in West Asia and fears of a potential U.S. interest rate hike.
Market sentiment remained bearish throughout the morning session, with the Nifty index also slipping below the 23,800 mark as global cues weighed heavily on domestic stocks.
Analysts suggest that the volatility is driven by uncertainty in oil prices and the broader impact of regional conflicts on global supply chains and investor risk appetite.