New Delhi, March 3 -- Shares of InterGlobe Aviation Ltd (IndiGo) fell the most among Nifty50 constituents on Monday, sliding more than 6% amid a broader market sell-off triggered by tensions in West Asia. Beyond the spike in crude oil prices, airport closures across the region, leading to widespread flight cancellations, are set to weigh on the airline's operations.

Indian markets are closed on Tuesday for a public holiday.

Brent crude, which hovered around $60 a barrel in early January, climbed to $72 by 25 February on expectations of military action against Iran. Since the conflict began, prices have surged to about $78. The risk could intensify if shipping through the Strait of Hormuz, a conduit for roughly 20% of global oil flows, f...