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Stock Market Today LIVE: The domestic benchmark indices, Nifty 50 and Sensex, extended their slump at the open on Wednesday, as escalating U.S.-Israel clashes with Iran lifted oil to a 19-month high, disrupted Middle East energy shipments and stoked fears of a prolonged conflict.

The Nifty 50 was down 1.92% at 24,388.8 and the BSE Sensex shed 2.13% to 78,528.82 as of 9:15 IST.

Domestic markets were closed on Tuesday, March 4 for Holi celebration. The benchmarks have lost about 2.5% each over the past two sessions.

The Indian rupee slid to a record low against the dollar while bond yields jumped as Middle East conflict kept oil prices elevated.

On the global front, Asian markets traded lower, while the US stock market ended with steep losses overnight, with the S&P 500 closing below its 100-day moving average for the first time since November 20.

The US-Israeli war on Iran escalated across the region, which President Donald Trump says has no fixed timeline. Iran launched a fresh wave of missiles around the Gulf. Israel said it struck the leadership compound in Tehran and sent soldiers into southern Lebanon.

Stay tuned to our Stock Market Today Live Blog for the latest updates.

PNGS Reva Diamond Jewellery share price made a weak debut on the bourses today. On NSE, PNGS Reva Diamond Jewellery share price opened at ₹375 per share, 2.85% lower than the issue price of ₹386. On BSE, PNGS Reva Diamond Jewellery share price today opened at ₹372 apiece, down 3.63% than the issue price.

Investors have seen a decline of ₹11 lakh crore in wealth within only the initial minutes of trading.

Anand James, Chief Market Strategist, Geojit Investments, said - “The recovery attempts that may be expected post downside gapped opening today need to sustain Nifty above 24500, In order to discourage bears from regrouping. Else, expect 24000-23550. Do account for wild swings, given the spike in VIX on Monday to the highest level since June 2025.”

The domestic benchmark indices, Nifty 50 and Sensex, extended their slump at the open on Wednesday, as escalating U.S.-Israel clashes with Iran lifted oil to a 19-month high, disrupted Middle East energy shipments and stoked fears of a prolonged conflict.

The Nifty 50 was down 1.92% at 24,388.8 and the BSE Sensex shed 2.13% to 78,528.82 as of 9:15 IST.

Domestic markets were closed on Tuesday, March 4 for Holi celebration. The benchmarks have lost about 2.5% each over the past two sessions.

The Indian rupee slid to a record low against the dollar while bond yields jumped as Middle East conflict kept oil prices elevated.

The market decline ramps up as the West Asia conflict extends into its fifth day, with nearly all sectors starting the day in negative territory. Oil and gas stocks are facing pressure due to concerns about energy supply, while defense stocks are on the rise. Financials are among the biggest losers on the Nifty, and the rupee has surpassed 92/$ for the first time.

The rupee opens down 55 paise against the US dollar, surpassing 92/$ for the first time ever.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said - "With the war escalating and crude rising, markets are going into a period of heightened uncertainty. Nobody knows how long this conflict will go on and what will be the extent of the havoc it could wreck. From the perspective of India, which relies on imports for around 85% of her oil requirements, the real concern is the potential inflation and its consequences on economic growth. From the market perspective, the impact of potentially widening trade deficit, depreciating currency, higher inflation and perhaps lower growth is the real issue. If this fear materialises, corporate earnings will be impacted. This is the fear in the market. This fear will materialise only if the war lingers for long. If it ends in, say 3 to 4 weeks, things will be back to normal.

Experience tells us that panicking and getting out of the market during uncertain times like these is not the right thing to do. Markets have an uncanny ability to surprise and climb all walls of worries. So remain invested and wait patiently. Investors with high risk appetite and long investment horizon can use this crisis to nibble at high quality stocks. Banking, pharmaceuticals, automobiles and defense themes will offer long-term buying opportunities."

Shrikant Chouhan, Head Equity Research, Kotak Securities, said - "Currently, the market is trading significantly below both short-term and medium-term averages, and on daily charts, it appears to be in a weak formation, indicating a largely negative outlook.

We are of the view that, for positional traders, 24,600 would act as a crucial support zone. If the market slips below this level, the correction could continue until 24,300. Further downside may also persist, potentially dragging the index to 24,000.

On the flip side, 25,000 remains the crucial resistance zone for the bulls. The current market texture is extremely volatile and is expected to remain volatile in the near future.

Strategy: Buy Select stocks, which are fundamentally strong between the 24,300–24,000 range."

Stock Market Today LIVE: Gift Nifty was trading around 24,446 level, a discount of nearly 536 points from the Nifty futures’ previous close, indicating a massive gap-down start for the Indian stock market indices.

Stock Market Today LIVE: The Indian stock market is expected to open lower on Wednesday, following losses in the global markets amid the escalating US-Israeli air strikes against Iran. The trends on Gift Nifty signal a gap-down start for the frontline indices, Nifty 50 and Sensex today.Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight ...

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