New Delhi, May 12 -- The selloff in the Indian stock market further intensified in Tuesday's trade on May 12, as investors feared that a prolonged oil shock could hurt the economy, while fragile negotiations to end the Iran war continued to weigh on sentiment.

Renewed selling in technology stocks and the Indian rupee sliding to a fresh low also added to the pressure, dragging the benchmark indices to their worst intraday decline in two months and breaching key psychological levels.

Remaining under bearish grip for the fourth straight session, the Nifty 50 plunged another 1.83%, breaking below the 24,000 mark to settle at 23,379, marking its steepest intraday decline in over a month. The S&P BSE Sensex also tumbled 2% to end at 74,559. ...