BUZZ-Indian shares join global market slide on raging Iran war

** India's stock benchmarks Nifty 50 .NSEI and Sensex .BSESN lose 2.4% each on escalating tensions in the U.S.-Israeli war on Iran

** Indian rupee INR=IN slumps to a record low, pressured by higher crude prices, energy supply concerns and relentless foreign outflows from domestic stocks

** Asian markets .MIAPJ0000PUS slide 3.7% while U.S. bond yields hit eight-month peaks, making emerging markets less attractive for global investors MKTS/GLOB

** Brent crude LCOc1 surges to $114 per barrel after U.S. and Iran traded escalating threats, derailing hopes of any near-term resolution to the war that is now in its fourth week MKTS/GLOB O/R

** All 16 of Indian equities' major sectors decline; broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 fall 4% and 3.5% respectively

** Heavyweight financials .NIFTYFIN and banks .NSEBANK drop 3.1% each, dragged by a 3.7% drop in top private lender HDFC Bank HDBK.NS

** HDBK has lost about 11% in three sessions since the abrupt resignation of its part-time Chairman last week

** Metals .NIFTYMET fell 4.7%, tracking a drop in global metal prices as Middle East war intensified demand worries MET/L

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))