Sensex, Nifty dive over 1% on West Asia conflict, boiling crude oil prices
The Hindu
Indian markets fell over 1% as West Asia conflict and rising crude oil prices hit investor sentiment amid foreign fund outflows.
Stock market benchmark indices Sensex and Nifty tumbled over 1% on Friday (March 6, 2026) after a day's breather as the conflict in the West Asia entered its seventh day, driving crude oil prices higher.
Weakness in the U.S. equities, subdued trend in European markets and relentless foreign fund outflows also dampened sentiments.
The 30-share BSE Sensex tumbled 1,097 points, or 1.37%, to settle at 78,918.90. During the day, it sank 1,203.72 points, or 1.50%, to 78,812.18.
The 50-share NSE Nifty dropped 315.45 points, or 1.27%, to end at 24,450.45.
From the Sensex pack, Eternal, ICICI Bank, Axis Bank, UltraTech Cement, HDFC Bank, State Bank of India, Bajaj Finserv, and Larsen & Toubro were among the major laggards.
Bharat Electronics, Reliance Industries, Sun Pharma, NTPC, Infosys, and HCL Tech were the gainers.
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