New Delhi, Sept. 2 -- The Indian stock market remained under pressure for a third consecutive session on Wednesday, September 2, with the benchmark indices breaking below key levels as renewed fighting in the Middle East pushed oil prices higher, stoking inflation concerns and expectations of tighter monetary policy.

Elevated crude oil prices also drove global bond yields to multi-year highs, while a weak global market setup further weighed on investor sentiment.

The Nifty 50 closed 0.59% lower at 23,914. The index had earlier plunged to an intraday low of 23,786 before late-session buying helped it recover a large part of its losses.

The Sensex ended 0.62% lower at 76,469 after falling to a one-month low during intraday trade. The sel...