Buy or sell stocks, March 5 -- The Indian stock market closed significantly lower, deepening its losses amid jitters surrounding the US-Iran conflict, with the benchmark Nifty 50 slipping below the 24,500 mark on Wednesday.

The Sensex plunged 1,122.66 points, or 1.40%, to settle at 79,116.19, while the Nifty 50 declined 385.20 points, or 1.55%, to end at 24,480.50.

On Wednesday, Nifty 50 remained under sustained selling pressure, with the index trading around 24,480, reflecting continued weakness in the broader market.

According to Sumeet Bagadia, Executive Director at Choice Broking, the index has decisively slipped below all key short-term moving averages, indicating a breakdown from recent consolidation zones and a shift in short-te...