Rs 6.35 lakh crore wiped out as oil spike and war fears grip markets
Mumbai: Indian stocks and the rupee slumped while precious metals soared Monday, with investors cutting back on risk in the face of the full-blown conflict between US-Israel and Iran. The sell-off eroded BSE-listed companies’ market value by Rs 6.35 lakh crore. Oil jumped nearly 8% as concerns over supply disruptions in West Asia – the…