Stock market recap, March 5 -- It was a bloodbath on Dalal Street on Wednesday, as the Indian stock market suffered sharp losses on March 4 amid investor dumping of risk assets amid the ongoing US-Iran war, which shows no signs of easing.

The conflict in West Asia has pushed crude oil prices significantly higher, stoking fresh inflation concerns and dealing a strong blow to expectations of near-term rate cuts by the US Federal Reserve and the Reserve Bank of India.

Sensex crashed 1,123 points, or 1.40%, to end at 79,116.19, while the Nifty 50 plunged 385 points, or 1.55%, to close at 24,480.50. The BSE 150 MidCap Index crashed 2.26%, while the BSE 250 SmallCap Index suffered a loss of 2.24%.

India VIX jumped over 23% to hover above the...