New Delhi, March 4 -- It was a bloodbath on Dalal Street on Wednesday morning, as the Indian stock market suffered sharp losses in morning trade on March 4, as investors continued to dump risk assets amid the ongoing US-Iran war, which shows no signs of easing.

The conflict in West Asia has pushed crude oil prices significantly higher, stoking fresh inflation concerns and dealing a strong blow to expectations of near-term rate cuts by the US Federal Reserve and the Reserve Bank of India.

Sensex crashed over 1,750 points, or 2.2%, to drop to an intraday low of 78,480.63, while the Nifty 50 plunged over 500 points, or 2.1%, to the day's low of 24,334.85.

Investors got poorer by Rs.9 lakh crore within minutes as the overall market capital...