Updated on: Mar 02, 2026 10:34:22 AM IST
The National Stock Exchange building in Bandra Kurla Complex, Mumbai.
India’s stock market tumbled today as the Iran war pushed crude oil prices higher and triggered a flight to safe havens, weighing on investor sentiment. The Nifty 50 fell as much as 2.11% to an intraday low of 24,645.10 points, even as BSE Sensex slipped 3.37% to 78,543.73. While the benchmark indices have shown some recovery, this is the steepest intraday drop for Nifty 50 since 1 February and the Sensex since 7 April 2025.
The Indian rupee depreciated against the dollar while government bond yields rose after US, Israel strikes on Iran raised the risk of protracted conflict in the Middle East.
“The experience tells us that panic selling during a crisis is wrong strategy,” said V.K. Vijayakumar, chief investment strategist at Geojit Investments Ltd. “Investors should refrain from selling and watch how things evolve. Data from crises during the last many decades tells us that an event like the present crisis will not have any impact on the market six months later.”
Follow this live blog for real-time updates on markets, sectors, currencies, and expert analysis through the trading day.
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The Indian rupee depreciated against the dollar while government bond yields rose after US, Israel strikes on Iran raised the risk of protracted conflict in the Middle East.
“The experience tells us that panic selling during a crisis is wrong strategy,” said V.K. Vijayakumar, chief investment strategist at Geojit Investments Ltd. “Investors should refrain from selling and watch how things evolve. Data from crises during the last many decades tells us that an event like the present crisis will not have any impact on the market six months later.”
Follow this live blog for real-time updates on markets, sectors, currencies, and expert analysis through the trading day.
Follow all the updates here:
Mar 02, 2026 10:28:11 AM IST
Stock Market LIVE: Sensex, Nifty 50 Check
India’s stock market sustained losses in the first hour of trading with S&P BSE Sensex still down over 1,000 points. The Nifty 50 showed some recovery but was still below the crucial 25,000-mark.
The India VIX surged 12% to 16.8, reflecting heightened volatility due to the Iran war and surge in crude oil prices due to closure of the Strait of Hormuz.
Mar 02, 2026 10:24:15 AM IST
Nifty 50 LIVE: Indian Oil, BPCL, HPCL down up to 4%
Shares of India’s oil marketing companies—Indian Oil Corp. Ltd., Bharat Petroleum Corp. Ltd. (BPCL) & Hindustan Petroleum Corp. Ltd. (HPCL) fell as much as 4% due to a surge in crude oil prices. The Iran war has effectively choked the Strait of Hormuz, which carries nearly 50% of India’s oil imports.
Mar 02, 2026 10:21:23 AM IST
Nifty 50 LIVE: Defence stocks in focus amid Iran war
Shares of Indian defence companies, including Paras Defence Ltd. and IdeaForge Technology Ltd. surged as much as 13% each amid escalating Iran war in the Middle East. However, gains in Defence PSUs Hindustan Aeronautics Ltd. and Bharat Electronics Ltd. were largely muted.
Mar 02, 2026 10:12:14 AM IST
Nifty 50 LIVE: IndiGo, SpiceJet stocks under pressure
Shares of InterGlobe Aviation Ltd. (IndiGo) and SpiceJet Ltd., as well as those of Ixigo Ltd. and Easy Trip Planners Ltd. (easemytrip) fell as much as 13.5% after an escalating Iran war resulted in cancellation of flights to the Middle East.
Mar 02, 2026 10:02:40 AM IST
Stock Market LIVE: L&T emerges top loser on Nifty 50
Shares of Larsen & Toubro Ltd. fell as much as 7.48% over the previous close to ₹3,960.20 apiece, making the stock the biggest loser on the Nifty 50. Investors are weigh geopolitical tensions against L&T’s strong defence and infrastructure order book.
L&T faces headwinds from potential project delays in the Middle East where it has significant construction exposure, particularly in Saudi Arabia and UAE, which are catching strays of the Iran war.
Mar 02, 2026 9:55:36 AM IST
Stock Market LIVE: MCX Gold up 3.5%, MCX Silver up 3.7%
MCX gold price has surged as much as 3.5% to ₹1,67,915.00/10 gm, even as silver prices spiked 3.7% to ₹2,93,152.00/kg as the Iran war triggered a flight to safe havens.
Mar 02, 2026 9:47:01 AM IST
Stock Market LIVE: IndiGo share price down 7.5%
Shares of InterGlobe Aviation Ltd., the operator of IndiGo airlines, fell as much as 7.50% to an intraday low of ₹4,460.90 today due to flight cancellations triggered by the Iran war.
Mar 02, 2026 9:28:55 AM IST
Stock Market LIVE: All Nifty Indices in the Red
All 16 major sectors logged losses. The broader small-caps and mid-caps fell 3.8% and 3.4%, respectively. Oil marketing companies, paint and tyre makers, aviation companies and chemical manufacturers all fell on rising crude oil prices.
Mar 02, 2026 9:26:05 AM IST
Stock Market LIVE: Sensex, Nifty 50 sink on Ira war jitters
The S&P BSE Sensex fell as much 2,743.46 points to 78,543.73 points even as the Nifty 50 shed more than 2%, due to elevated volatility and global risk-off sentiment emanating from the Iran war.
The India VIX has spiked to 17%.
Mar 02, 2026 9:17:32 AM IST
Stock Market LIVE: Sensex, Nifty 50 tank in pre-opening session
The S&P BSE Sensex fell as much as 6,000 points, while the Nifty 50 slipped below 24,300 points in pre-opening session due to the Iran war that threatens to engulf the Middle East.
Mar 02, 2026 9:09:43 AM IST
Stock Market LIVE: Rupee weakens against Dollar
The Indian rupee weakens 27 paise against the US dollar to 91.25 amid geopolitical tensions stemming from the Iran war.
Mar 02, 2026 9:04:57 AM IST
Stock Market LIVE: Crude oil prices surge to #76/barrel
Global crude oil prices have surged to $76 per barrel, after rallying by as much as 13% to the highest since January 2025.
Tanker traffic through the Strait of Hormuz—the chokepoint off Iran’s coast that handles a fifth of the world’s oil and large volumes of gas—has largely halted, with a self-imposed pause in place by shipowners and traders as the Iran war spreads.
The spike in crude prices is set to pile fresh pressure on Indian markets, with aviation stocks, oil marketing companies, and sectors like paints, tyres and automobiles likely to open weak.
Analysts warn that a sustained rise in crude oil prices above $75 could shave off 20-30 basis points from India’s GDP growth and widen the current account deficit.
One basis point is one-hundredth of a percentage point.
Mar 02, 2026 8:53:42 AM IST
Subdued GIFT Nifty signals Nifty 50 to test 25,000 levels
GIFT Nifty futures have slipped below the 25,000 mark, indicating a cautious start for India’s stock market today.
The weak GIFT Nifty reading suggests Nifty 50 could test critical support at the 25,000 level, having already closed below the 200-day moving average of approximately 25,200 on Friday.
With India VIX already elevated, foreign portfolio investors are likely to intensify selling pressure, particularly in oil-sensitive sectors like aviation, paints, and automobiles.
