Mumbai, March 13 -- Battered by the ongoing conflict in West Asia and its ripple effects on global markets, Indian equities endured their steepest weekly decline in nearly six years, with benchmark indices dropping more than 5% during the week.

A sharp spike in crude oil prices, persistent foreign institutional investor (FII) outflows, and a broader risk-off mood among global investors triggered a broad market sell-off.

The Sensex logged its sharpest weekly fall since the week ended 10 May 2020, when markets had dropped over 6% amid covid-related uncertainty and weak global cues.

On Friday, the Nifty 50 fell 2.06% to 23,151.10, while the Sensex fell 1.93% to end the week at 74,563.92.













Market volatility surged as well. The ...