Indian Stock Markets Decline Amid Middle East Tensions and Broad-Based Selling

On March 2, Indian stock markets declined sharply amid rising Middle East tensions and risk-off sentiment, with the Nifty 50 falling about 1.24% to close near 24,865 and the Sensex dropping 1.29%. Broad-based selling affected sectors like Auto, Consumer Durables, Oil and Gas, and PSU Banks, while Metals and Pharma showed resilience. Market analysts noted a broader trading range between 24,400 and 25,400, with technical indicators suggesting potential support near 24,600 and resistance around 25,100 to 25,250 levels.