Stock market recap, March 9 -- A day after posting gains of more than 1% each, India's benchmark indices-the Sensex and the Nifty 50-resumed their decline on Friday as investors booked profits amid persistent concerns over the US-Iran conflict, a spike in crude oil prices and heavy foreign capital outflows.

The Sensex plunged 1,097 points, or 1.4%, to close at 78,918.90, while the Nifty 50 fell 315 points, or 1.3%, to 24,450.45. Mid- and small-cap stocks, however, outperformed the benchmarks despite ending in the red. The BSE 150 MidCap Index fell 0.67%, while the BSE 250 SmallCap Index slipped 0.22%.

The overall market capitalization of BSE-listed companies declined to Rs.450 trillion from Rs.453 trillion in the previous session, erasi...