Indian stock markets opened the week on a weak note on Monday (March 9), with benchmarks sliding sharply amid heightened concerns linked to the ongoing conflict in West Asia.
The BSE Sensex was trading 2,225 points lower at 76,693, while the NSE Nifty fell 720 points to 24,731 during morning trade.
The risk-off mood was visible across Asia as well, with markets in Japan, South Korea and several other Asian countries also trading in the red, reflecting the same geopolitical overhang.
In commodities, crude oil prices surged in international markets, crossing $100 a barrel and trading above $110, as the Iran–Israel–US conflict raised supply worries. Experts cited in reports warned that if the conflict continues, crude could climb beyond $150 a barrel.
