Sensex crashes 788 points, suffers worst loss in 6 months on US-Iran tussle

The BSE Sensex crashed nearly 788 points, its worst session in about six months, as escalating US-Iran tensions sent crude oil prices soaring and also made investors shun equities and rush to safe haven assets.

At the closing bell, the 30-share Sensex was at 40,676.63, down 1.90 per cent or 787.98 points -- the biggest single-day drop since July 8.

After opening the session on a subdued note, the BSE gauge broadened losses and hit an intra-day low of 40,613.96.

Similarly, the 50-scrip NSE Nifty closed at 11,993.05, falling by 1.91 per cent or 233.60 points.

On the Sensex chart, Bajaj Finance was the