Buy or sell stocks, Sept. 10 -- The Indian stock market remained under pressure on Wednesday, September 9, as intensifying tensions in the Middle East drove oil prices to a six-week high, raising concerns over a renewed rise in global inflation.

Extending its decline for the third consecutive session, the Nifty fell 0.86% to close at a three-month low of 23,431. The Sensex also slipped 1.08% to end the session at 74,764.

Nifty 50 closed at 23,431.50, down 203.60 points (-0.86%), extending its decline after another gap-down start. Although the index attempted a recovery toward 23,571.55, selling resumed in the second half and dragged it to a fresh low at the close. The break below the 23,500 mark and rising trendline keeps the short-term...