The Indian stock market ended sharply lower on 2 March 2026, with Nifty 50 at 24,865 and Sensex at 80,238, amid US-Iran tensions, heightened volatility, and widespread sectoral declines.
NSE, BSE shut for Mahavir Jayanti and Good Friday, leaving just 3 trading days next week. (Photo: X, NewsX)
tensions triggered panic across global financial markets. The Sensex dropped more than 1,000 points, while the Nifty 50 fell below 24,900, resulting in a significant decline in benchmark indices.
Geopolitical uncertainty was the primary driver of the market downturn, with reports of conflict in the Middle East creating a global risk-off sentiment. The broad-based sell-off affected multiple sectors, including automotive, oil, and information technology, while defense stocks recorded relative gains amid rising regional tensions.
The situation was further exacerbated by surging crude oil prices and elevated market volatility, which heightened concerns about inflation and corporate margins. Analysts caution that the correction reflects temporary market reactions to geopolitical developments rather than indicating a permanent economic downturn.
NIFTY 50 – Closing Value: 24,865.70 | Point Change: -312.95 | Percentage Change: -1.24%
SENSEX – Closing Value: 80,238.85 | Point Change: -1,048.34 | Percentage Change: -1.29%
The Indian stock market ended sharply lower on 2 March 2026, with Nifty 50 at 24,865 and Sensex at 80,238, amid US-Iran tensions, heightened volatility, and widespread sectoral declines.
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