New Delhi, March 11 -- Indian stock markets have lost almost 5% since the start of the US-Iran war. There have been promising days of recovery but overall sentiment remains strongly negative for the markets, domestic as well as global.

Just in today's deals, Sensex and Nifty 50 declined over 1% each as the ongoing US-Iran war kept market sentiment cautious. Banking, financial services and auto stocks led the losses, dragging the frontline indices lower during the session. The Sensex fell more than 1,000 points, or about 1.3%, touching an intraday low of 77,161. Meanwhile, the Nifty 50 dropped 1.20% to hit a day's low of 23,971.60.

This comes after a strong rebound in the previous session on falling oil prices and hopes of the war nearin...