Stock market today, March 20 -- Following weak global cues and the skyrocketing crude oil price after escalation in the US-Iran war, the Indian stock market reversed its recovery trend and witnessed a bloodbath on Dalal Street. The Nifty 50 index crashed 775 points and closed at 23,002. The BSE Sensex nosedived 2,496 points, closing at 74,207. The Bank Nifty index tumbled 1,875 points to close at 53,451.

Selling pressure was broad-based; all sectors ended in the red, reflecting widespread market weakness. Auto, realty, and financials emerged as the key laggards. The broader markets also saw significant declines, with both midcap and smallcap indices falling around 3% each.

Why was the Indian stock market down on Thursday, Ajit Mishra, S...