New Delhi, March 23 -- As the war in West Asia intensifies, so does the sell-off in the Indian stock market, with key indices suffering another 2% drop in Monday's session, March 23, dragging them to their lowest levels since April 2025.

The constant missile exchanges in the Gulf region, now entering the fourth week, have pushed several domestic stocks to multi-year lows. Crude-sensitive stocks, in particular, are bearing the brunt of the selling, wiping out billions in investor wealth and positioning the Nifty 50 for its worst monthly performance since March 2020.

The Nifty 50, which opened with a sharp gap-down and showed no signs of recovery toward the close, fell 629 points, or 2.72%, to settle at 22,485. Meanwhile, the S&P BSE Sens...