Stock market crash, March 14 -- Following weak global cues amid the overstretched US-Iran war, soaring oil prices, and renewed inflation and slowdown concerns, the key benchmark indices of the Indian stock market have been under intensified selling pressure for the last two weeks. On Friday last week, the benchmark indices ended lower for the third straight week, as the market had already begun discounting the US-Iran war well before its outbreak.

In the last two weeks, the Nifty 50 index crashed from 25,496 to 23,151, logging a 9.20% dip after the outbreak of the Middle East tensions. Likewise, the BSE Sensex nosedived from 82,248 to 74,563, logging 7,685 points or 9.35% dip after the outbreak of the US-Iran war.

On the reasons draggin...