Brief by Shorts91 Newsdesk / 05:41am on 09 Mar 2026,Monday Business
Indian benchmark indices plunged sharply on Monday as rising crude oil prices and escalating geopolitical tensions triggered heavy selling. The BSE Sensex fell more than 2,100 points while the Nifty 50 dropped nearly 3%, testing the 23,800 level in early trade. The sell-off came after global crude prices surged past $115 per barrel amid intensifying conflict involving Iran, the United States and Israel, raising fears of supply disruptions in the Strait of Hormuz. Banking and financial stocks led the decline, with the Nifty PSU Bank Index falling over 4%. Broader markets also weakened, as midcap and smallcap indices dropped more than 2%. (PC: India Today)
