Sensex, Nifty crash today: What led to 'Thursday Tank' - Top impact made by these news; check biggest losers, m-cap loss

Rising crude oil prices and bond yields weighed on the market, prompting concerns over inflation and a potential Fed rate hike. Banking and financial stocks fell sharply on proposed changes to insurance rules, leading to a broad selloff and a loss of nearly ₹4 lakh crore in investor wealth.