Stock Market Today: Sensex, Nifty50 Plunge as Middle East Crisis Sparks Oil Price Surge
Rediff·2026-03-02 05:14
Escalating tensions in the Middle East and a subsequent surge in crude oil prices triggered a significant crash in the Indian stock market, with Sensex and Nifty experiencing sharp declines.Photograph: Arko Datta/ReutersKey PointsSensex and Nifty sharply declined due to rising crude oil prices and escalating Middle East tensions.Crude oil prices surged following a coordinated US-Israeli airstrike and retaliatory missile firings, impacting market sentiment.Foreign Institutional Investors (FIIs) offloaded equ ...