Stock Market Today: Equity Indices Close Sharply Lower Amid Middle East Crisis, Sensex Falls 1,100 Points, Nifty Settle Below 24,500

Stock Market Today| Sensex, Nifty Live Update: The domestic equity indices--Sensex and Nifty--had a highly volatile session on Monday as they closed sharply lower due to the escalating war in the Middle East. The market was dragged amid panic selling, uptick in crude prices and weak global cues.
Meanwhile, as the war between the US-Iran and Israel has worsened, and the crude prices continue to rise, the stock market is expected to remain volatile in the March 4 session as well.
"Indian equity markets are likely to remain under sustained selling pressure as global risk appetite deteriorates following the widening Israel–U.S.–Iran conflict across the Middle East. Disruptions to trade flows through the Strait of Hormuz, driven by heightened security risks and rising insurance restrictions, have triggered a sharp surge in crude oil prices, amplifying inflation and supply concerns," said Ponmudi R, CEO of Enrich Money.
"For India, one of the world’s largest oil importers, elevated energy prices pose a dual risk—widening the current account deficit and intensifying imported inflation pressures," Ponmudi added.
Here is the live update of Sensex and Nifty50 today..