Buy or sell stocks, March 10 -- The ongoing US-Iran conflict continued to pressure the Indian stock market on Monday, March 9, as investor sentiment weakened further amid a sharp and persistent rise in crude oil prices. A depreciating domestic currency and continued outflows from foreign investors also pushed the benchmark indices to a 10-month low.
Amid widespread panic selling triggered by escalating tensions between the US and Iran, the Nifty 50 tumbled 1.86% to 23,994, while the Sensex declined 1.77% to 77,521. At one stage during the session, both indices had fallen by nearly 3%.
The benchmark Indian equity index, Nifty 50, ended the session on a weak note, recording a sharp decline of 422 points (1.73%) in a single day. The index ...
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