Stock market recap, March 10 -- The Indian equity markets witnessed a significant sell-off on Monday, as Nifty 50 plummeted 422.40 points (1.73%) to close at 24,028.05, while Sensex crashed 1,352.74 points (1.71%) to finish at 77,566.16.

The downturn was primarily triggered by escalating geopolitical tensions between the US, Israel, and Iran, which sent Brent crude prices soaring above $114 per barrel. This energy shock, coupled with the Indian rupee hitting a record low of 92.35, sparked broad-based risk aversion.

The advance-decline ratio was heavily skewed toward the bears, with over four stocks declining for every one that advanced, reflecting deep-seated weakness across the broader market.

On the sectoral front, Nifty PSU Bank and...