Post by : Shakul

Indian benchmark indices and sectoral stocks faced significant pressure on Monday, March 2, as geopolitical tensions in the Middle East intensified following US and Israeli military strikes on Iran. The sharp escalation triggered widespread risk aversion among global investors, leading to heavy sell-offs across equity markets and a marked rise in safe-haven assets such as gold.

Port and logistics shares were among the worst hit on Sensex and Nifty 50. Key port stocks such as Gujarat Pipavav Port and JSW Infra slipped nearly 5% each, while Adani Ports shed around 4.6%. In the logistics segment, Delhivery saw a steep decline of 10%, Blue Dart Express lost close to 7%, and Container Corporation of India dropped to a fresh 52-week low, falling about 6.8%. TCI also ended the session with losses near 5%.

Major indices opened sharply lower as investors reacted to risk-off cues. The Sensex plunged thousands of points at the start, while the Nifty 50 also dipped significantly, reflecting negative sentiment across domestic and global markets. While some recovery was seen later in trading, overall investor wealth was weighed down, with combined market capitalisation contracting substantially amid continued conflict concerns.

The broader backdrop to the sell-off includes a sharp rise in crude oil prices and volatility across Asian and Gulf markets, driven by fears that the conflict could disrupt strategic supply routes and energy flows. Analysts warn that sustained tensions in the region could prolong market instability and impact global trade and investor confidence in the short term.

#India News #Asia News #UAE #Dubai