Stock market recap, March 4 -- War in West Asia thrust geopolitical risk back to the forefront of global finance on Monday, 2 March, erasing more than Rs.6.5 trillion in market value from BSE-listed companies. The fear gauge India VIX shot up 23.5%, its biggest single-day climb in nearly 11 months, mirroring rising investor anxiety.

The selloff followed a joint US-Israeli military campaign against Iran over the weekend that resulted in the death of Supreme Leader Ali Khamenei, sparking fears of regional instability and speculation of regime change.

Global equity markets retreated in a broad-based flight from risk. Germany's DAX fell 1.9% and France's CAC 40 dropped 1.6%, while in Asia, the Hang Seng Index led declines with a 2.1% slide....