Mumbai, March 6 -- Indian equity markets enter the next trading under significant duress following a brutal Friday sell-off that saw the Sensex tank 1,097 points and the Nifty slip below the 24,500 mark.

This downturn was fueled by a sharp spike in Brent crude, which surged past $87 per barrel as shipping halted at the Hormuz Strait amid escalating U.S.-Iran tensions.

While India's external buffers remain formidable with forex reserves at $728.5 billion, the jump in the India VIX by over 11% signals heightened near-term anxiety.

In India, the M3 Money Supply figures for the fortnight ended on February 28 would be made public on Wednesday (11 March 2026). Money Supply M3 in India increased to Rs 322,144.23 billion in the week ending Dec...