Indian Stocks Plunge Amid US-Iran Tensions and Soaring Oil Prices

The Indian stock market ended in the red for the third straight session on September 2, as investor sentiment remained bearish amid escalating tensions between the United States and Iran.

Elevated crude oil prices also contributed to the market's caution, with Brent crude futures surging 5.91% to hit an intraday high of $96.99 per barrel on Wednesday.

The S&P BSE SENSEX fell 373.93 points or 0.49% to end at 76,570.35, while the NSE's NIFTY50 index lost 141.35 points or 0.59% to close at 23,914.45.

The US military said it carried out a wave of strikes against Iranian military targets, with Iranian media reporting explosions in several locations.