Mumbai, July 8 -- The end of the ceasefire between the US and Iran rattled equity markets in India and globally, triggering a sharp sell-off and fresh volatility on Wednesday.

A rise in crude oil prices and continued selling by foreign institutional investors (FIIs) may further deepen the fall in Indian equities.

The Nifty 50 fell 2.1% to 23,882, while the Sensex fell 2.1% to 76,503-their lowest levels since 30 March-as traders rushed to dump their shares in the second half of the trading session.

Even global markets reacted sharply to the collapse of the ceasefire. South Korea's Kospi fell by 5.3%, Hong Kong's Hang Seng fell by 3%, Japan's Nikkei fell by 2.1%, and China's CSI 300 fell by 0.8% on Wednesday.

Volatility, which had remai...