Market Meltdown: Nifty Breaches 25,000 as Middle East Conflict Triggers Crude Oil Surge on Monday, March 2, 2026
The Indian equity markets faced a sharp correction on Monday, March 2, 2026, as escalating geopolitical tensions in the Middle East sent crude oil prices soaring by nearly 9%. While the Nifty 50 and Sensex both declined over 1.2%, record domestic institutional buying provided a critical buffer against aggressive foreign outflows.