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The GIFT Nifty, an early indicator of Nifty 50's performance, was trading at 24,494, suggesting a gap-down open. On Monday, Indian equity benchmarks plunged, wiping out nearly Rs 2.5 lakh crore of investors' wealth amid a global selloff triggered by the crisis in the Middle East. The Nifty 50 ended 312 points or 1.24% lower at 24,865 and the BSE Sensex settled 1,048 points down at 80,238. Markets in India were shut on Tuesday for Holi.
Elsewhere in Asia, South Korea's Kospi fell 7.24% on Wednesday, extending losses after its worst session in 19 months, amid an escalating war in the Middle East. Japan's Nikkei 225 was down 2.91% at 54,643.28. Australia's S&P/ASX 200 declined 1.71% to 8,921.70.