India’s Stock Market Crash Amid West Asia Crisis: Oil Price Shock, Federal Reserve Signals, and the Vulnerability of Emerging Markets
On March 20, 2026, Indian equity markets experienced their worst single-session decline since June 2024, with the BSE Sensex crashing over 3.26 percent to close at 74,207.24 points and the Nifty 50 closing at 23,002.15 points. The crash was triggered by a confluence of two major external shocks: Brent crude oil prices surging to $114…