Sensex Plunges 1,100 Pts, Nifty Below 24,500 Amid Middle East Conflict, Oil Surge
MMoneycontrol•04-03-2026, 15:42
Sensex Plunges 1,100 Pts, Nifty Below 24,500 Amid Middle East Conflict, Oil Surge
- •Sensex dropped 1,122.66 points (1.4%) to 79,116.19; Nifty fell 385.20 points (1.55%) to 24,480.50.
- •Escalating West Asia conflict, with Iran, US, and Israel strikes, fueled investor fear and higher crude prices.
- •Brent crude rose 0.87% to USD 82.11 per barrel, impacting India's current account, fiscal deficit, and inflation.
- •Weak global markets, FII selling (Rs 3,295.64 crore), and rupee hitting an all-time low of 92.18 against USD added pressure.
- •India VIX surged 22% to 20.83, indicating heightened market volatility and uncertainty.