Indian stock market, March 3 -- Market indices Sensex and Nifty declined by nearly half a percent, pressured by losses in oil & gas and financial services stocks, as global trade concerns kept investor sentiment cautious, on March 3. Despite opening higher in an attempt to recover from their longest monthly losing streak since 1996, the indices lost momentum.

At 11:50 AM, the Sensex had dropped by 330 points (0.5%) to 72,865, while the Nifty was down 100 points (0.5%) at 22,015.

The Nifty 50 reached its record high of 26,277.35 on September 27 last year. With Monday's low of 22,005, the index has dropped by 4,273 points, marking a decline of over 16 per cent from its peak. Meanwhile, the Sensex has fallen by nearly 13,200 points, or 15%...