The Sensex dropped 460 points and the Nifty fell below 24,000 on August 31 as rising crude oil prices fueled inflation concerns among investors.
Market volatility is expected to persist as traders react to the US-Iran military escalation and potential secondary sanctions on regional banks.
Analysts suggest a cautious approach, noting that the MSCI index rejig and global geopolitical instability are currently weighing on domestic sentiment.