Domestic equities traded lower on Wednesday following a fresh escalation in tensions between the United States and Iran. The benchmark indices declined by up to 1 per cent during morning trade in the Indian stock market.

The Sensex fell as much as 816 points, or 1.09 per cent, to an intraday low of 73,833 during early trade. The Nifty, meanwhile, dropped 200 points, or 0.86 per cent, to touch an intraday low of 23,280, according to IANS.