India, May 11 -- India's benchmark equity indices plunged in early trade on Monday as escalating tensions in the ongoing US-Iran conflict rattled global markets and triggered fears of prolonged inflation and higher crude oil prices. The BSE Sensex tanked 845.68 points to 76,482.51 in opening trade, while the NSE Nifty fell 237.90 points to 23,936.85.

Investor sentiment weakened after US President Donald Trump rejected Iran's latest peace proposal, raising concerns that the conflict in West Asia could drag on longer than expected.

The drop also comes a day after PM Modi urged Indians to adopt austerity measures to reduce the economic fallout of the US-Iran war.

Published by HT Digital Content Services with permission from Hindustan Time...