Stock markets suffer major meltdown as West Asia crisis intensifies; Sensex, Nifty tumble over 1%
The Hindu
Stock markets plunge over 1% as West Asia crisis escalates, driven by rising crude prices and investor uncertainty.
Stock market benchmark indices Sensex and Nifty nosedived over 1% on Monday (March 2, 2026) as investors' sentiment were hit hard following a sharp spike in crude oil prices amid escalating tensions in West Asia.
Weak trends in global markets and heavy foreign fund outflows also dented sentiments.
The 30-share BSE Sensex tanked 2,743.46 points or 3.37% to 78,543.73 in early trade. It later ended at 80,238.85, down 1,048.34 points or 1.29%.
The 50-share NSE Nifty tumbled 575.15 points or 2.28% to 24,603.50 in intra-day trade. The benchmark later settled 312.95 points or 1.24% down at 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 only gainers.
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