BSE Sensex and Nifty50 plunged over 2% amid rising Middle East tensions and crude prices. Experts predict short-term volatility but expect stabilization. Concerns also rise over China's economic stimulus drawing investment away from India,

AM, Sensex tanked 1,277 points or 1.52 per cent to quote 82,989.18. The Nifty50 index crashed more than 385 points or 1.50 per cent to trade at 25,410.

The domestic equity market took a sharp hit at the open on October 3, with both the Sensex and Nifty 50 plunging over 1%

Sensex and Nifty indices dropped sharply, influenced by falling heavyweight stocks like Reliance and HDFC Bank.

Indian stock markets opened sharply lower on Thursday. Sensex dropped over 1,250 points. Nifty50 slipped below the 25,500 mark. This decline reflected losses in other Asian markets. Investors' risk appetite fell due to escalating conflict in the Middle East.