Mumbai, March 9 -- The key equity indices showed a slight recovery but continued to trade with significant losses in mid-morning trade, as the escalating conflict between Iran, Israel, and the US intensified over the weekend, pushing crude oil prices higher and raising concerns over India's rupee and macroeconomic stability. The Indian rupee also hit a record low of 92.3475 against the US dollar today, reflecting heightened pressure on emerging market currencies amid rising geopolitical tensions and a surge in global oil prices.

The Nifty traded below the 23,900 level. Auto shares extended losses for the second consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 1870.49 points or 2.35% to 77,068.15...