The Sensex was up 825.79 points, or 1.09%, at 76,896.63, while the Nifty 50 gained 239.10 points, or 1.01%, to trade at 23,820.25 as of 11:44 AM. It may be noted that the Sensex has gained over 2,000 points this week after a sharp losing spree. 

Sensex has tumbled over 1,100 points as global markets react negatively to the West Asia conflict and crude oil surge. Here’s what is driving the sell-off and how investors should approach the volatility.

Sensex and Nifty extended their sell-off on Thursday as oil prices surged amid West Asia tensions, weak global cues persisted and foreign investors continued selling, keeping pressure on Indian equities.

Sensex and Nifty fell sharply after opening higher as banking and auto stocks dragged the market down. So what triggered the sudden sell-off, and what should investors watch now?

Rising Middle East tensions, a sharp spike in crude oil prices and renewed foreign investor selling triggered a steep sell-off on Dalal Street, sending benchmark indices sharply lower in early trade.

The S&P BSE Sensex was down 566.31 points at 79,449.59, while the NSE Nifty50 fell 164.85 points to 24,601.05 as of 11:24 am. Sensex and Nifty shed over half a percent.