Indian stocks tumbled on March 9, 2026, amid rising U.S.-Iran tensions and soaring oil prices.

Indian stock markets plunged on March 9, 2026, as escalating U.S.-Iran tensions sent crude oil prices soaring, triggering a major sell-off. The Sensex dropped 1,352 points, or 1.71%, to 77,566, while the Nifty 50 fell 422 points, or 1.73%, to 24,028, entering a technical correction. The rupee hit a record low of 92.20 against the dollar, and sectors like banking, auto, aviation, and metals suffered heavy losses. Oil prices initially surged past $115 per barrel but eased after reports of potential G7 emergency oil releases and Saudi tenders. Analysts warned of further downside if tensions persist, with markets watching key support levels around 23,700–23,300.