Indian equity markets fall in a broad selloff as renewed US-Iran tensions and related political developments weigh on investor sentiment. Multiple reports describe steep declines in the Sensex and Nifty, with losses for investors reaching from about Rs 1.27 lakh crore to several lakh crore depending on the intraday peak and the specific session point cited by each outlet. Banking shares lead the downturn, pulling down broader market indices. One report attributes the escalation in selling to US President Donald Trump’s statements that an Iran ceasefire is over, while other coverage links the decline to fresh comments and continuing geopolitical concerns. Business Standard adds that the day’s move represents the worst session since late March, with the Nifty50 and Sensex posting large point drops and the Nifty MidCap and Nifty SmallCap also ending lower. Overall, the declines are described as across-the-board, driven by risk aversion linked to the US-Iran situation, with losses concentrated particularly in financial and banking stocks.