Markets

US-Iran war: TCS, KRBL to L&T among top Indian companies with significant exposure to Middle East

March 2, 2026

The escalating conflict in the Middle East, particularly between the US and Iran, has caused significant turmoil in the Indian stock market, leading to a sharp decline in major indices such as the Sensex and Nifty 50. Market sentiment is further affected by soaring crude oil prices, which threaten the profitability of various sectors reliant on this key commodity.

US-Iran war: TCS, KRBL to L&T among top Indian companies with significant exposure to Middle East

Credit: Livemint

Key Highlights

Sensex dropped over 2,700 points at the opening but later recovered some losses.
Nifty 50 index was trading around 24,850 points, down over 2%.
Crude oil prices surged, raising concerns about input costs for industries.
All sectoral indices of the NSE recorded declines, with Nifty Oil & Gas hit hardest.
India VIX, a measure of market volatility, increased by nearly 7%.

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Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

US-Iran war: TCS, KRBL to L&T among top Indian companies with significant exposure to Middle East

Key Highlights

Sources

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