New Delhi, March 12 -- The Indian stock market has been under intense selling pressure amid the ongoing US-Iran war and the sharp rise in crude oil prices, which has heightened concerns over imported inflation in the Indian economy.

Crude oil prices in the international markets have surged again towards the $100 per barrel mark following a significant escalation of the conflict in the Gulf region and supply disruptions caused by the effective closure of the Strait of Hormuz - a key chokepoint for global oil shipments.

The benchmark Nifty 50 has fallen over 4% in one week, and is down by 8% in one month, weighed down by sustained foreign institutional investor outflows.

According to Vinod Karki, Equity Strategist at ICICI Securities, th...