
Stock markets tumble as West Asia war dents risk appetite
The Hindu
Stock markets plunge as the West Asia conflict escalates, triggering a flight to safety and rising crude oil prices.
Shares tumbled on Monday (March 2, 2026) as the West Asia war pushed crude prices higher and triggered a flight to safe havens, weighing on investor sentiment.
The Nifty 50 fell 2.06% to 24,659.25 and the BSE Sensex shed 3.38% to 78,543.73 as of 9:15 a.m. IST.
This is the steepest intraday drop for Nifty since February 1 and the Sensex since April 7, 2025.
Iran-Israel conflict LIVE updates
Rupee depreciated against the dollar while government bond yields rose after U.S., Israel strikes on Iran raised the risk of protracted conflict in the Middle East.
All 16 major sectors logged losses. The broader small-caps and mid-caps fell 3.8% and 3.4%, respectively.













