New Delhi, March 12 -- Good morning!

Just when investors thought the worst might be behind them, global tensions delivered another jolt to Dalal Street.

Indian equities began the day cautiously but quickly slipped into a broad sell-off as fresh military activity in West Asia revived fears of disruptions around the Strait of Hormuz. By the closing bell, benchmark indices had fallen nearly 2%-hitting a 10-month low. In a single session alone, investors saw Rs.5.48 trillion wiped off BSE market capitalisation, taking the total wealth erosion since the US-Iran conflict began to nearly Rs.20 trillion.

Foreign investors were quick to cut exposure, selling Rs.6,267 crore worth of equities, while domestic investors stepped in with Rs.4,966 cro...