Stock market today, March 10 -- The Indian stock market witnessed a sell-off session on Monday as escalating US-Iran war in the Middle East triggered a surge in global crude oil prices and heightened uncertainty across financial markets. The spike in crude oil price above $100 per barrel raised fresh macroeconomic concerns for India, a major oil-importing economy, prompting broad-based selling across benchmark indices.

Volatility surged alongside the decline, reflecting rising investor anxiety. India VIX jumped to 23.59, up more than 70% in a week as geopolitical risks intensified. Such a sharp rise in volatility signals elevated uncertainty and typically results in inflated options premiums. In such conditions, derivatives traders tend ...