Stock market today, March 4 -- Following weak global cues on the US-Iran war, the key benchmark indices of the Indian stock market witnessed sharp selling on Monday. The Nifty 50 index crashed 312 points and closed at 24,865; the BSE Sensex nosedived 1,048 points and closed at 80,238; and the Bank Nifty index corrected 689 points and finished at 59,839. The weakness was not confined to frontline indices, as broader markets also faced pressure. The Nifty Midcap index declined nearly 1.5%, while the Small-cap index dropped around 1.75%, highlighting widespread risk reduction across market segments.

Higher crude prices remain a key macro headwind for India, as they may exert pressure on inflation, currency stability, and corporate margins, ...