The direct impact of the increasing military tension between Iran, America and Israel in the Middle East is visible on India’s stock market. On March 4, the day of Holi, the rupee crossed 92 against the dollar for the first time, while due to the panic in the stock market, investors have lost about Rs 9.7 lakh crore in the last two days.
The main reason for this decline in the market is the fear of stoppage of crude oil supply and the selling of large quantities of shares by foreign investors. Experts believe that if this fight drags on for a long time, it may affect India’s economy, inflation and the pockets of the common man.
Also read: Indian tea affected amid Middle East tension, will China take advantage?
fall of rupee
On the day of Holi i.e. Wednesday, March 4, a huge fall of about 68 paise was seen in the rupee, due to which it reached a record low of 92.17 per dollar. Earlier in January 2026, the rupee had fallen to the level of 91.99. Since India imports more than 80% of its crude oil requirement, the country’s import bill will increase due to the dollar becoming expensive, which poses a danger of rising inflation.
stock market condition
Sensex and Nifty fell sharply amid war news. The Sensex fell by about 1,710 points to 78,529, which is the lowest level in the last one year. Nifty fell by 477 points and closed at the level of 24,389.
The total value of companies listed on BSE declined to Rs 446.47 lakh crore from Rs 456.17 lakh crore on March 2.
Oil prices on fire
After the attacks and retaliatory actions taken by America and Israel on Iran, the prices of crude oil have started skyrocketing in the global market. Brent crude has crossed 82.5 dollars per barrel. The biggest concern is about the Strait of Hormuz, if there is a blockage here then oil can become even more expensive.
Also read: Hormuz closed, crude oil becoming expensive, will the prices of diesel and petrol increase or not?
These shares were most affected
The phase of selling of shares was seen in almost every sector in the market. Shares of major companies like Larsen & Toubro (L&T), Indigo, Adani Ports and Mahindra & Mahindra fell by 3 to 6 percent. However, big IT sector companies like Infosys and HCL Tech tried to show some strength.
What do experts say?
Investment experts believe that decisions should not be taken in panic at this time. While some people believe that inflation is the biggest risk at this time, but for long-term investors, this can also be an opportunity to buy good stocks gradually. At present, the eyes of the market are fixed on the global situation.
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