Indian stock markets witnessed a sharp selloff today, with the BSE Sensex falling over 1,450 points and the Nifty 50 slipping below 23,400 amid rising crude oil prices, a record-low rupee, and growing geopolitical tensions in the Middle East. IT and banking stocks remained under pressure, while investors turned cautious due to continuous FII selling and inflation concerns. Market volatility increased sharply as fears over global economic slowdown and elevated oil prices impacted sentiment, although oil & gas stocks like ONGC and Oil India showed relative strength. Analysts believe the market may remain volatile in the short term until crude prices and global cues stabilize