Nifty Falls 1.94%, Sensex Slips 1,439 Points As Brent Rises 2.15% On U.S.-Iran Tensions
As of 12:26 PM IST on March 4, 2026, the Nifty 50 index was trading 1.94 per cent, or 481.60 points, lower at 24,384.10. The BSE Sensex was down 1.79 per cent, or 1,439.78 points, at 78,799.07.
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Indian benchmark equity indices remained under pressure on Wednesday, tracking a sharp sell-off in global equities and a spike in oil prices amid escalating tensions between the U.S. and Iran.
Brent crude futures rose 2.15 per cent to USD 83.15 per barrel after the U.S. announced Operation ‘Epic Fury’ against Iran. U.S. officials clarified that the action was not a war but a combat operation aimed at demilitarising Iran and eliminating terrorist forces.
As of 12:26 PM IST on March 4, 2026, the Nifty 50 index was trading 1.94 per cent, or 481.60 points, lower at 24,384.10. The BSE Sensex was down 1.79 per cent, or 1,439.78 points, at 78,799.07.
Among Nifty 50 constituents, Tata Steel, Larsen & Toubro, and Shriram Finance emerged as the Top Losers. On the gaining side, Coal India, Infosys, and Bharti Airtel were the top performers.
The broader markets extended their decline, with both the Nifty MidCap and Nifty SmallCap indices falling 2.7 per cent each.
Sector-wise, the Nifty Metal index declined the most, dragged down by Tata Steel, JSW Steel, and Vedanta. The Nifty PSU Bank and Nifty Realty indices were the second and third worst-performing sectors, respectively.
The Nifty IT index erased its early gains but remained the best-performing sector of the day, recording the least decline among all sectoral indices.
Disclaimer: The article is for informational purposes only and not investment advice.