New Delhi, March 12 -- The Indian stock market came under renewed selling pressure in Wednesday's session, March 11, following a brief rally, as high crude and gas prices, caused by the ongoing US-Iran war, have kept risk-off sentiment elevated.

Concerns about higher inflation stemming from rising energy prices are holding investors back from making fresh bets, leaving domestic equities struggling to find a floor. The spike in energy costs has heightened concerns that global interest rates could remain elevated for longer, which is further prompting overseas investors to trim their positions in emerging markets.

After a 1% rally in the previous session, the Nifty 50 reversed its gains, falling 1.63% to the 23,866 level, while the BSE Se...