Indian Stock Market Opens Lower as Sensex Slides 891 Points Amid US Israel Iran War Tensions

Indian Stock Market Opens Lower as Sensex Slides 891 Points Amid US Israel Iran War Tensions​

Sensex and Nifty Tumble in Early Trade​

Mumbai, March 2: Indian equity markets begin the week on a sharply negative note, mirroring a broad global risk off sentiment triggered by the escalating war between the US, Israel, and Iran.

At 9:28 am, the Sensex falls 891 points or 1.10 percent to trade at 80,395. The Nifty 50 declines 268 points or 1.07 percent to 24,909.

The weakness is not limited to frontline indices. Broader markets also trade in sync with benchmarks. The Nifty Midcap 100 drops 1.14 percent, while the Nifty Smallcap 100 slips 1.35 percent.

Sectoral Indices Deep in the Red​

Selling pressure is visible across sectors, with all sectoral indices trading lower.

Nifty Realty leads the losses with a decline of 2.19 percent. Nifty Oil and Gas follows, falling 1.81 percent, while Nifty Auto sheds 1.35 percent. The across the board decline underscores widespread caution among investors.

Middle East Uncertainty Weighs on Risk Appetite​

Market participants remain wary as heightened tensions in the Middle East dampen risk appetite. The ongoing conflict between the US, Israel, and Iran continues to create uncertainty across global financial markets.

Aviation stocks are expected to remain under pressure after flights across key UAE routes were suspended. The disruption highlights the immediate operational impact of regional instability on the travel and aviation sector.

Additionally, the weekly Nifty expiry on Monday, ahead of the Holi market holiday, is expected to add to volatility during the session.

Technical Indicators Signal Bearish Momentum​

Technical charts also reflect growing weakness. The formation of a fourth consecutive red candle on the Nifty charts signals sustained selling pressure.

The index recently closed below its 200 day exponential moving average, indicating increasing bearish dominance and a weakening broader trend.

On the technical front, resistance is placed in the 25,300 to 25,350 zone. Immediate support is seen between 25,000 and 25,050.

Crude Oil Prices Surge Over Supply Concerns​

Global crude oil prices jump more than 7 percent amid fears that the US Iran war could trigger broader regional ramifications and lead to significant supply disruptions.

The spike in oil prices adds to inflationary concerns and further pressures equity markets.

Asian Markets Decline; Airline Stocks Lead Losses​

Across Asia, airline stocks lead the downturn as airspace closures over the Middle East and airport shutdowns unsettle travel markets.

In regional trading, China’s Shanghai index remains flat, while Shenzhen declines 0.75 percent. Japan’s Nikkei falls 1.5 percent. Hong Kong’s Hang Seng Index plunges 1.68 percent, and South Korea’s Kospi loses 1 percent.

US Markets Close Lower in Previous Session​

Wall Street ends the previous trading session largely in the red. The Nasdaq declines 0.92 percent. The S and P 500 falls 0.43 percent, while the Dow Jones drops 1.05 percent.

With geopolitical tensions intensifying and crude oil prices surging, volatility is expected to remain elevated across global equity markets, including India, throughout the session.