Sensex Tumbles 1,097 Points, Nifty Below 24,500 at Market Close; ICICI Bank Drops 3%

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Sensex Plunges 1,097 Points, Nifty Below 24,500 Amid West Asia Tensions; ICICI Bank Down 3%

Sensex Today

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News18•06-03-2026, 15:43

Sensex Plunges 1,097 Points, Nifty Below 24,500 Amid West Asia Tensions; ICICI Bank Down 3%

•Indian benchmark equity indices extended losses, with Sensex falling 1,097 points and Nifty closing below 24,500.
•Escalating tensions in West Asia, linked to the US–Iran conflict, fueled investor caution and market volatility.
•Global oil supply concerns intensified as shipping through the Strait of Hormuz nearly halted, pushing Brent Crude above $87.
•Major Nifty50 losers included InterGlobe Aviation, ICICI Bank, and Max Healthcare Institute; Nifty IT Index led gains.
•Global markets, including Asia-Pacific and Wall Street, also traded lower, while Gold Futures surged on safe-haven demand.

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Stock Market Live Updates: This week may appear to be a truncated one after the long weekend but it is not by any means. Starting with today's Nifty monthly expiry, the entire week has over 200 results to be reported, eventually culminating with the Union Budget presentation on Sunday, February 1. The Nifty heads into this all important week with 25,000 under threat of being broken again after another ₹16 lakh crore route last week. The index made a low last Friday of 25,025. Multiple moving parts grapple the markets. Geopolitical tensions, weakness in the rupee, lack of clarity over a US trade deal, among others. Stocks related to the EU-India trade agreement will be in focus today, along with multiple earnings reactions, ranging from Kotak Mahindra Bank, Axis Bank, Urban Company among others. Vodafone Idea, It is also an important earnings day with Asian Paints, Vodafone Idea, Tata Consumer, Motilal Oswal among others reporting results today. Watch this space for all the LIVE Updates.

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