3 months ago
1
Stock marketplace benchmark indices Sensex and Nifty nosedived implicit 1% connected Monday (March 2, 2026) arsenic investors' sentiment were deed hard pursuing a crisp spike successful crude lipid prices amid escalating tensions successful West Asia.
Weak trends successful planetary markets and dense overseas money outflows besides dented sentiments.
The 30-share BSE Sensex tanked 2,743.46 points oregon 3.37% to 78,543.73 successful aboriginal trade. It aboriginal ended astatine 80,238.85, down 1,048.34 points oregon 1.29%.
The 50-share NSE Nifty tumbled 575.15 points oregon 2.28% to 24,603.50 successful intra-day trade. The benchmark aboriginal settled 312.95 points oregon 1.24% down astatine 24,865.70.
From the Sensex pack, InterGlobe Aviation, Larsen & Toubro, Adani Ports, Maruti, Asian Paints, and Bajaj Finserv were among the biggest laggards.
Bharat Electronics, Sun Pharma and ITC were the lone gainers.
Brent crude, the planetary lipid benchmark, jumped 8.34% to $78.95 per barrel.
Iran's Supreme Leader Ayatollah Ali Khamenei was killed successful a coordinated U.S.-Israeli airstrike connected Tehran aboriginal Saturday (February 28), with the Iranian authorities media confirming the decease connected Sunday (March 1).
Iran began firing missiles astatine Israel and the Arab countries successful the portion successful retaliation for the sidesplitting of its ultimate leader.
In Asian markets, Japan's Nikkei 225 fell implicit 1% and Hong Kong's Hang Seng scale tumbled much than 2%, portion Shanghai's SSE Composite scale ended successful affirmative territory. Equity markets were closed successful South Korea owed to a holiday.
Markets successful Europe were trading sharply lower.
The U.S. marketplace ended little connected Friday (February 27).
"Rising geopolitical tensions successful the Middle East person unsettled planetary markets, with concerns implicit imaginable hold of the concern fixed the sidesplitting of Iran's ultimate leader.
"Rising crude lipid prices and a weakening INR bespeak concerns implicit imaginable disruptions to lipid supply, which could summation inflationary pressures successful India and interaction fiscals and strain margins for vigor and chemical-dependent sectors," Vinod Nair, Head of Research, Geojit Investments Ltd, said.
The India VIX has edged higher, signalling accrued uncertainty and hazard aversion among marketplace participants, helium added.
Foreign Institutional Investors (FIIs) offloaded equities worthy ₹7,536.36 crore connected Friday (February 27), according to speech data. Domestic Institutional Investors (DIIs), however, bought stocks worthy ₹12,292.81 crore.
On Friday (February 27), the Sensex tanked 961.42 points oregon 1.17% to settee astatine 81,287.19. The Nifty tumbled 317.90 points oregon 1.25% to extremity astatine 25,178.65.
Equity markets would stay closed connected Tuesday for Holi.
