Stock markets nosedive on boiling oil prices:Sensex crashes 2,400 points, Nifty down 3%

Following the ravages caused by the Iran war, Indian benchmark indices crashed at opening on Monday, 9 March, 2026. Sensex plummeted 2,400 points and dipped below 77,000 level. While, Nifty plummeted 3% to 23,707.60 points in early deals. Crude oil rises 48% Due to the ongoing war between US-Israel and Iran in the West Asia, the price of crude oil in the international market has reached a three-and-a-half-year high. On Sunday, the price of Brent crude crossed the $100 per barrel level. Prior to this, crude oil crossed $100 mark in 2022. As soon as trading started on the Chicago Mercantile Exchange, Brent crude jumped 16.5% to $108 on Monday. During the war, crude has become about 48% more expensive in just 10 days. However, the Indian government says that we have sufficient oil reserves, so petrol and diesel will not become expensive in India. Decline in Asian markets: Decline in the US market on March 6: Market declined last week: Prior to this, on Friday, 6 March , 2026, the stock market saw a decline. The Sensex closed at 78,919, down 1097 points (1.37%). Nifty also saw a decline of 315 points (1.27%). It came down to 24,450.