New Delhi, March 2 -- Domestic equities tumbled under relentless selling pressure on Monday as the US-Israel and Iran conflict stoked fears of elevated crude oil prices and clouded India Inc's earnings outlook for the coming quarters.

India's benchmark Nifty 50 fell 1.2% to 24,865.7, tracking weakness across Asian markets, though it fared marginally better than most emerging peers. Thailand led the declines, plunging nearly 4%, followed by Indonesia and Hong Kong, where benchmark indices slipped 2-3%. China stood out as the exception, with the CSI 300 inching up 0.4%.

Monday's decline in Nifty was relatively modest compared with past global conflicts. The index had slumped nearly 5% in a single session when Russia invaded Ukraine in Feb...