New Delhi, March 2 -- The Indian stock market experienced a significant selloff during morning trading on Monday, March 2, as rising tensions in West Asia, or the Middle East, negatively impacted already wary market sentiment amid foreign capital withdrawals, geopolitical uncertainties, and lackluster earnings.

The Sensex began the day 2,743 points, or 3.34% lower at 78,543.73, but quickly reduced its losses. By around 14:04 IST, it was down 1,565.13 points, or 1.92 % trading at 79,690.80. The Nifty 50, the NSE's benchmark index, plummeted by over 500 points, exceeding 2%, reaching an intraday low of 24,645 but quickly regained some ground, trading 462.10 points, or 1.9% lower at 24,724 around 2 PM.

In the initial minutes of Monday's tr...