Just checked the markets and wow, Indian equities just nosedived hard today. Oil broke past $100 a barrel for the first time since 2022 and that's basically tanking everything. The Middle East production cuts plus the Strait of Hormuz situation really spooked traders. BSE Sensex dropped 2,192 points—that's a 2.8 percent hit—while Nifty fell 665 points or 2.7 percent. The nosedive is hitting the big names pretty hard. Axis Bank, M&M, L&T, Maruti Suzuki, Asian Paints, Tata Steel, SBI and IndiGo all down 4 to 8 percent. UltraTech Cement took a 3.7 percent beating. What's interesting is the energy play—Tata Power lost over 2 percent after their Salesforce collaboration news, and Gujarat Narmada Valley Fertilizers nosedived 5.4 percent because the Middle East conflict is messing with LNG supplies. It's one of those days where geopolitics just ripples through everything. Oil prices moving that much really changes the game for these stocks.

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