Sensex falls over 500 points, Nifty below 24,000 on US-Iran tensions

Indian benchmark indices fell on Monday, with the Sensex dropping 504 points to 76,760 and the Nifty losing 177 points to 23,998. The decline followed renewed US-Iran tensions, which pushed crude prices higher and raised inflation and interest-rate concerns. Brent crude rose 2.5% to around $90 a barrel, while Asian markets fell about 0.7%.