India, March 13 -- India's stock market suffered a across-the-board selloff Friday as an intensifying Iran war in West Asia pushed crude oil prices above $100 a barrel, threatening the inflation outlook and fiscal stability of Asia's third-largest economy.

The benchmark 30-share S&P BSE Sensex fell as much as 2.07%, or 1,579.82 points, to 75,070.44 in Mumbai while broader NSE Nifty 50 dropped 2.22% to 23,305.75. The equity rout was mirrored in the currency and bond markets, as investors grappled with the implications of a prolonged war and shutdown of the critical Strait of Hormuz shipping lane.

The Indian rupee plunged to a lifetime low of 92.4325 per dollar, eclipsed its previous record set just a day earlier. The currency has now los...