Stock Market Close: Sensex Slumps 1000 Pts, Nifty Below 23,900

Indian markets closed sharply lower as Sensex dropped 1,000 points and Nifty fell below 23,900 amid rising West Asia tensions and crude oil surge. IT stocks led losses, while broader indices also declined. Brent crude crossed $100 per barrel. Several major companies, including Reliance Industries and IndusInd Bank, announced Q4 results.