New Delhi, Sept. 18 -- Equity investors lost Rs 2.72 lakh crore in two days as market tanked for the second day in a row on Tuesday following spike in the crude price triggered by drone attacks on the world's largest oil processing facilities in Saudi Arabia. The rise in geopolitical tensions in West Asia led to severe selling in the equity market.

The Sensex on Tuesday plummeted 642.22 points or 1.73 per cent to close at 36,481.09. During the day, it dropped 704.22 points. Sensex on Monday tanked 262 points.

After soaring as much as 20 per cent to $71.95 per barrel on Monday, brent crude futures corrected slightly to trade at $67.97 per barrel on Tuesday.

Haunted by fear that elevated crude prices could worsen India's fiscal concerns,...