New Delhi, Aug. 31 -- India markets start the week in red as domestic equities face renewed selling pressure from escalating conflict in West Asia and hawkish commentary from the United States Federal Reserve.

The BSE SENSEX stood at 76,979.99 points, down by 284.52 points or 0.37 per cent, while the NSE NIFTY 50 stood at 24,117.55 points, declining 58.10 points or 0.24 per cent.

Ajay Bagga, Banking and Market expert highlighted that global markets begin the week digesting three collisions at once, "a fresh flare-up in the Strait of Hormuz that has put a new war premium back into oil, a Federal Reserve chair who used Jackson Hole to warn that the inflation fight isn't over, and an Nvidia earnings blowout that keeps the AI trade alive ev...