2 months ago
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Benchmark equity indices Sensex and Nifty tumbled successful aboriginal commercialized connected Wednesday (March 4, 2026), tracking a bearish inclination successful Asian markets, arsenic the struggle successful West Asia widened, driving lipid prices higher.
The 30-share BSE Sensex crashed 1,758.22 points oregon 2.19% to 78,480.63 successful aboriginal commercialized arsenic the struggle continued to dent investors' sentiment. The 50-share NSE Nifty tanked 530.85 points oregon 2.13% to 24,334.85.
From the Sensex pack, Larsen & Toubro, Tata Steel, InterGlobe Aviation, UltraTech Cement, Adani Ports and Mahindra & Mahindra were among the biggest laggards.
Infosys, HCL Tech and Tata Consultancy Services were the gainers.
Brent crude, the planetary lipid benchmark, climbed 0.87% to $82.11 per barrel.
Asian markets were trading sharply lower. South Korea's Kospi tumbled implicit 10%. Japan's Nikkei 225, Shanghai's SSE Composite scale and Hong Kong's Hang Seng scale were besides quoting importantly lower.
The U.S. marketplace ended successful antagonistic territory connected Tuesday (March 3, 2026).
The struggle successful West Asia intensified with Iran continuing to lb respective Gulf countries successful retaliation for the associated onslaught against it by Israel and the U.S. The U.S. and Israel person besides carried retired caller strikes connected Iran.
"With the warfare escalating and crude lipid rising, markets are going into a play of heightened uncertainty. Nobody knows however agelong this struggle volition spell connected and what volition beryllium the grade of havoc it could wreck. From the position of India, which relies connected imports for astir 85% of lipid requirements, the existent interest is the imaginable ostentation and its consequences connected economical growth," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
From the marketplace perspective, the interaction of perchance widening commercialized deficit, depreciating currency, higher ostentation and possibly little maturation is the existent issue, helium added.
Foreign Institutional Investors (FIIs) offloaded equities worthy ₹3,295.64 crore connected Monday (March 2, 2026), according to speech data. Domestic Institutional Investors (DIIs) however, bought stocks worthy ₹8,593.87 crore.
Equity markets were closed connected Tuesday (March 3, 2026) for Holi.
On Monday (March 2, 2026), the Sensex ended astatine 80,238.85, down 1,048.34 points oregon 1.29%. The Nifty settled 312.95 points oregon 1.24% down astatine 24,865.70.
