Office Desk (2 March 2026): Domestic equity markets witnessed a sharp decline on Monday amid escalating tensions surrounding the Iran crisis, triggering heavy volatility across major indices.
The benchmark Bombay Stock Exchange Sensex opened at 78,543.73, registering a steep fall of 2,743 points or 3.37 percent. Meanwhile, the National Stock Exchange of India Nifty 50 index dropped 519 points, or 2 percent, to 24,659.25 at the opening bell.
During the pre-opening session, the Sensex had plunged more than 6,800 points, reflecting heightened investor anxiety and global uncertainty linked to geopolitical developments.
By 9:23 AM, the Sensex recovered slightly but was still trading at 80,291.17, down 996.02 points or 1.23 percent. The Nifty also trimmed some losses but remained in the red, trading at 24,894, down 284.65 points or 1.13 percent.
Market analysts attributed the sharp sell-off to global risk aversion, rising crude oil prices, and fears of prolonged instability in the Middle East. Investors are closely monitoring international developments, as continued escalation could further impact global financial markets.
