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Sensex sinks over 1,000 points as US-Iran conflict rattle markets; Nifty below 24,900Closing Bell: Equities ended sharply lower amid escalating US–Iran tensions, with the Sensex falling over 1,000 points and the Nifty slipping below 24,900, even as benchmarks rebounded more than 250 points from intraday lows.By Sheersh Kapoor  March 2, 2026, 3:58:42 PM IST (Updated)1 Min ReadClosing Bell: Indian equities closed sharply lower in a volatile session as escalating US–Iran tensions weighed on investor sentiment. The Sensex fell 1,048 points to 80,234, while the Nifty declined 313 points to settle at 24,866, slipping below the 24,900 mark.

Markets witnessed sharp intraday swings, with the Nifty rebounding over 250 points from the day’s low. The volatility index surged nearly 25%, reflecting heightened nervousness. The Midcap index swung nearly 2,100 points during the session before ending 935 points lower at 58,181. Nifty Bank dropped 689 points to 59,840.

Market breadth remained firmly negative, with the NSE advance-decline ratio at 1:5. As many as 42 of the 50 Nifty stocks ended in the red, while 28 of the 30 Sensex constituents closed lower. IndiGo, Larsen & Toubro, Adani Ports and Maruti Suzuki were among the top losers.

Sectorally, barring defence, metals and healthcare, all indices ended in the red. Stocks with exposure to West Asia faced pressure, with L&T, RR Kabel and Kalyan Jewellers declining on concerns over regional exposure.

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Rice exporters KRBL and LT Foods fell up to 5%, while M&M slipped 2% after announcing its exit from the agri-machinery business in Japan.Continue ReadingFirst Published: Mar 2, 2026 3:52 PM ISTTagsClosing BellMarkets At CloseSensex Niftyshare market todayStock Market today