Indian stock market, March 7 -- After posting strong gains of over 1% each in the previous session, the domestic benchmark indices - the Sensex and the Nifty 50 - resumed their decline on Friday, March 6, as investors booked profits amid ongoing concerns over the US-Iran conflict, a surge in crude oil prices, and continued heavy foreign capital outflows.

The Sensex plunged 1,097 points, or 1.4%, to close at 78,918.90, while the Nifty 50 dropped 315 points, or 1.3%, to settle at 24,450.45.

"Markets ended the holiday-shortened week with steep losses as escalating geopolitical tensions in West Asia and a sharp spike in crude oil prices weighed heavily on investor sentiment. Against this backdrop, benchmark indices witnessed broad-based sel...