Mumbai/IBNS, July 8 -- The Indian stock market extended its losses on Wednesday, with the BSE Sensex plunging over 500 points at the opening bell amid rising geopolitical tensions in West Asia and a sharp spike in crude oil prices.

Although the benchmark indices recovered some of the early losses, the Sensex continued to trade nearly 500 points lower during the session.

Oil prices surge

Investor sentiment remained weak as crude oil prices climbed following escalating tensions in West Asia.

Brent crude rose 2.75 percent to $76.18 per barrel, while West Texas Intermediate (WTI) for August delivery gained 2.87 percent to $76.46 per barrel.

Global cues weigh on sentiment

Asian markets also opened lower on Wednesday after the United Stat...