Mumbai, March 9 -- The headline equity indices traded with sharp losses in 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 23,800 level. PSU bank extended losses for the second consecutive trading session.

At 10:26 IST, the barometer index, the S&P BSE Sensex, tanked 2,222 points or 2.81% to 76,701.20. The Nifty 50 index fell 672.15 points or 2.75% to 2...