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Benchmark indices Sensex and Nifty dropped sharply successful aboriginal commercialized connected Monday (March 23, 2026) arsenic West Asia struggle entered its 4th week driving crude lipid prices higher.
A monolithic bearish inclination successful planetary equity markets and relentless overseas money outflows besides made investors jittery.
The 30-share BSE Sensex dived 1,555.62 points, oregon 2%, to 72,977.34 during archetypal trade. The 50-share NSE Nifty tanked 479.95 points, oregon 2%, to 22,634.55.
From the 30-Sensex firms, Tata Steel, State Bank of India, Bajaj Finance, Bharat Electronics, Titan, and Adani Ports were among the biggest laggards.
HCL Tech emerged arsenic the lone winner.
Brent crude, the planetary lipid benchmark, climbed 0.62% to $112.9 per barrel.
In Asian markets, South Korea's benchmark Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite scale and Hong Kong's Hang Seng scale were trading sharply lower. Kospi dived astir 6%.
The US marketplace ended importantly little connected Friday.
"The weakness reflects a important deterioration successful planetary hazard sentiment, arsenic geopolitical tensions successful the Middle East proceed to escalate. Asian markets person opened heavy successful the red, with Japan's Nikkei declining astir 4.6 per cent and South Korea's Kospi falling implicit 6 per cent, underscoring a broad-based risk-off move.
"The escalation successful rhetoric betwixt the United States and Iran, peculiarly astir the strategical Strait of Hormuz, has heightened fears of imaginable proviso disruptions successful planetary vigor markets," Hariprasad K, Research Analyst and Founder, Livelong Wealth, said.
Foreign Institutional Investors (FIIs) offloaded equities worthy ₹5,518.39 crore connected Friday, according to speech data. Domestic Institutional Investors (DIIs), however, bought stocks worthy ₹5,706.23 crore. Foreign investors person pulled retired ₹88,180 crore (about $9.6 billion) from Indian equities truthful acold this month.
