Sensex Crashes 1,500 Points, Trades at 52,823; Nifty at 15,820

Blue-chip NSE Nifty 50 was down 2.39% at 15,857 by 0349 GMT, while S&P BSE Sensex lost 2.52%. Both indexes were down for the fourth straight session. In addition, they lost for the fourth time in a row last week. As the United States and its European allies explored an oil import ban from Russia, supply concerns intensified in the face of a possible return of Iranian crude to global markets.

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