Post Market Update- Markets end red as war fears mount

Stocks in the news-

1. Paras Defence signed MoU with South Korea's Green Optics to collaborate on space & defence optical systems.

2. MRF inked non-binding MoU with Tamil Nadu govt to set up mfg unit, investment at Rs. 5,300 Cr over 12 years

Economic News-

1. India February Services PMI came in at 58.1 Vs 58.5 (MoM)

2. India February Composite PMI came in at 58.9 Vs 58.4 (MoM)

Indian indices-

It has been a brutal day for Dalal Street. The benchmark indices took a massive hit on March 4, 2026, as markets remained under pressure tracking a sell-off in global equities and rise in oil prices due to US-Iran tensions. All the sectoral indices ended in the red. At close, the Sensex was down 1,122.66 points or 1.40% at 79,116.19. The Nifty was down 385.20 points or 1.55% at 24,480.50.

Rupee ended at a record closing low of 92.15/$ against March 02, 2026, close of 91.47/$.

Buzzing stocks on BSE-

1. Petronet LNG fell 9.27% to Rs. 280.50, after declaring 'force majeure' on LNG shipments amid Iran war.

2. National Aluminium Company rose 2.98% to Rs. 373.60, after Qatar Energy JV halts production of aluminium products.

3. InterGlobe Aviation slipped 2.85% to Rs. 4,392.70 and SpiceJet dipped 7.52% to Rs. 14.02, on ATF supply disruption concerns & as flight disruptions continue on West Asia War.

Global Signals-

Asia stocks fell as an escalating war in the Middle East dents investor sentiment.

European markets were higher as traders track Middle East turmoil.