New Delhi, March 9 -- The Indian stock market suffered massive losses in morning trade on Monday, March 9, due to a sharp selloff across sectors amid rising tensions in West Asia (Middle East), a steep rise in crude oil prices, and weak global cues.

The Sensex crashed nearly 2,500 points, or more than 3%, to an intraday low of 76,424, while the Nifty 50 sank to 23,697, plunging more than 750 points, or more than 3%. The mid and small-cap indices on the BSE also crashed more than 3% each during the session.

Investors lost Rs.13 lakh crore in a session, as the overall market capitalisation of BSE-listed firms dropped to nearly Rs.437 lakh crore from Rs.450 lakh crore in the previous session.

Brent crude surged over 26% to $117.16 per bar...