Sensex crashes 1,123 pts, Nifty below 24,500 amid US-Iran tensions

The Indian share markets traded lower on Wednesday, with the Nifty closing below 24,500 amid escalating US and Iran tensions.At close, the Sensex was down 1,122.66 points or 1.40 percent at 79,116.19, and the Nifty was down 385.20 points or 1.55 percent at 24,480.50. About 996 shares advanced, 3105 shares declined, and 137 shares unchanged.
According to information, Indian benchmark indices plunged 1.5% on Wednesday, extending their slide to 4% in the past three trading sessions.Coal India, Bharti Airtel, Infosys, Tech Mahindra were the top gainers on the Nifty, while losers included Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel.On the sectoral front,Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%.Nifty Midcap and smallcap indices down 2% each.
Rupee Close:
On 4 Mar'26,the Indian rupee settled 67 paise lower to close at an all-time low of 92.16 against U.S. dollar on Wednesday, weighed down by spiking crude oil prices in the wake of the Iran crisis.Forex traders said the dollar index crossed 98 levels on the risk-off situation prevailing all around the globe amid the U.S.-Iran crisis, further pressurising the rupee.Moreover, massive selling in domestic equity markets and withdrawal of foreign funds further dragged the Indian currency down, they said.
Trading Guide:
Market experts recommended five shares to buy on Wednesday- Triveni Engineering, Hindustan Zinc, Jindal Poly Films, Lupin, and Astra Microwave Products.

(Business Correspondent)