MUMBAI : Indian stocks opened sharply lower on March 4 as geopolitical risks and rising oil prices triggered panic selling. The Nifty 50 index fell over 2%, and the BSE Sensex fell over 1,600 points, reflecting overall market weakness and loss of investor confidence in Dalal Street. Financial strategists attributed the fall to increased risk aversion and foreign institutional investor (FII) outflows, as escalating tensions in West Asia intensified overall market volatility.
Defensive sectors showed relative resilience, but overall market sentiment remained bearish. The decline coincides with oil prices remaining high, accelerating rising inflation expectations, and rising input costs for energy-dependent industries. Analysts expect cautious trading in the near term as markets absorb global uncertainty.
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