Stocks spiralled down today as fears of a protracted war loomed over the markets.
The sensex ended 78 points down at 3140.36, while the S&P CNX Nifty, a broader index, shed 23.25 points to close at 1013.90.
Dealers said the market was going on the defensive now with fears of what a prolonged war could do for the economy.
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Incidentally, the market, which had gained 3.6 per cent last week, lost 2.43 per cent in a single day.
Iraq displayed footage of captured US soldiers and bloodied corpses, while the US troops suffered their heaviest casualties yet.
Shares in technology firms and Reliance Industries, which led last week