Crude Oil Surge Impacts Stocks: IndiGo, Asian Paints, IOCL, Apollo Tyres Among Top Nifty Losers

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Crude Surge Hits Nifty: IndiGo, Asian Paints, Apollo Tyres Plunge Amid Middle East Tensions

Nifty Top Losers: Crude-sensitive stocks fall

M

Moneycontrol•04-03-2026, 09:45

Crude Surge Hits Nifty: IndiGo, Asian Paints, Apollo Tyres Plunge Amid Middle East Tensions

•Nifty and Sensex plunge sharply as crude oil prices surge due to escalating US-Israel-Iran conflict.
•Crude-sensitive sectors like paints, tyres, and oil marketing companies (OMCs) see significant declines.
•Asian Paints, Apollo Tyres, Indian Oil Corp, and IndiGo among top losers, reflecting higher input costs.
•Larsen & Toubro plunges over 6%, emerging as the top Nifty loser; Adani Ports, Adani Enterprises also fall.
•India VIX jumps nearly 20%, indicating elevated market volatility ahead.

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