Stock market crash, March 30 -- Indian equity benchmark Nifty 50 extended losses for the fourth consecutive month in March, after crashing more than 11% this month due to concerns over a sharp rise in crude oil prices driven by the US-Iran war, the rupee's weakness, and massive foreign capital outflow.

The Nifty scaled its record high of 26,373 on 5 January this year. Since then, the market benchmark has been reeling under selling pressure amid growing concerns over geopolitical headwinds. On Monday, 30 March, the index crashed 2.14% to end at 22,331, over 15% below its record high.

A steep decline from record high levels has brought market valuations to more comfortable levels, raising speculation about whether this is the right time t...