Sensex and Nifty Fall Amid Rising Middle East Tensions and Market Uncertainty

Indian stock markets experienced significant declines on March 2, 2026, with the Sensex dropping between 1,600 and 2,743 points and the Nifty falling below 24,700. The downturn was driven by escalating tensions in the Middle East, particularly between Iran and Israel, which also led to the closure of Dubai and Abu Dhabi stock markets. Broader indices, including midcap and small-cap stocks, also faced pressure amid concerns over rising oil prices, currency weakness, and economic uncertainty.