Sensex, Nifty Anticipate Weak Opening on March 4 Following Gift Nifty's 600-Point Decline Amid US-Iran Tensions
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Sensex, Nifty Brace for Weak Start as US-Iran Tensions Sink Gift Nifty 600 Pts
M
Moneycontrol•03-03-2026, 15:12
Sensex, Nifty Brace for Weak Start as US-Iran Tensions Sink Gift Nifty 600 Pts
•Indian equity markets (Sensex, Nifty) are set for a weak opening on March 4, tracking sharp losses in Gift Nifty and global markets.
•Escalating US-Iran tensions in West Asia, now in its fourth day, are fueling fears of energy supply disruptions and higher inflation.
•Gift Nifty futures dropped 593.5 points (2.37%) to 24,399, indicating a negative start for domestic equities.
•Global markets saw significant sell-offs; South Korea's Kospi plunged 7.2%, Japan's Nikkei 225 fell over 3%, and European markets were sharply lower.
•Brent crude surged past USD 80 per barrel after Iran attacked the US embassy in Riyadh and threatened the Strait of Hormuz, raising input cost concerns.
