West Asia turmoil drags stock markets; Sensex tumbles 1,123 points, Nifty dives 1.55%
The Hindu
Stock markets plunge as Sensex falls 1,123 points and Nifty dives 1.55% amid escalating West Asia tensions and rising oil prices.
Benchmark stock indices Sensex and Nifty closed more than 1% lower on Wednesday (March 4, 2026), in tandem with a weak trend in Asian markets as the conflict in West Asia intensified, driving oil prices higher.
Falling for the fourth straight session, the 30-share BSE Sensex tumbled 1,122.66 points or 1.40% to settle at 79,116.19. During the day, it crashed 1,795.65 points or 2.23% to 78,443.20 but recovered some of the losses in the second half of the session.
The 50-share NSE Nifty dived 385.20 points or 1.55% to end at 24,480.50, marking its third straight session of losses and logging the lowest closing level in the past six months. During the day, it dropped 560.3 points or 2.25% to 24,305.40.
From the Sensex pack, Tata Steel tanked 6.76%, followed by Larsen & Toubro (4.53%). Bajaj Finance, UltraTech Cement, NTPC, InterGlobe Aviation, Bajaj Finserv and Kotak Mahindra Bank were also among the laggards.
Bharti Airtel, Infosys and Tech Mahindra were the gainers.
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