Stock market today, March 9 -- Amid no signs of de-escalation in the US-Iran war, crude oil prices skyrocketed 20% in the early morning session and touched a 52-week high of $111.24 per barrel. Meanwhile, safe-haven assets, gold and silver, today crashed by up to 5%, while Asian stock markets witnessed heavy selling amid rising inflation bets.

By 7:40 AM on Monday, the Gift Nifty index was trading around 23,800, down over 500 points, or 2%, from its previous close.

Expecting a gap-down opening for the Indian stock market today, Ponmudi R, CEO of Enrich Money, said, "Gift Nifty is signalling a potential gap-down opening for the Nifty, tracking sharp declines across Asian markets."

Japan's Nikkei 225 has fallen more than 6%, while South ...