New Delhi, March 11 -- The Indian stock market witnessed another round of selling pressure in Wednesday's trade, March 11, as escalating tensions in the Middle East have kept investor sentiment fragile.

After a 1% rally in the previous session, the Nifty 50 reversed its gains, falling 1.63% to the 23,866 level, while the BSE Sensex also dropped sharply by 1.72% to the 76,763 level. The broader markets, too, saw heavy bleeding, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 1.25% and 0.36%, respectively.

Selling gripped all major sectors, with the auto pack hit the hardest as the Nifty Auto index crashed 3.15%, while the Nifty Private Bank index tumbled 2.41%.

Other key sectoral indices such as Nifty PSU Bank, Nifty Re...