Stock markets tumble for third day as West Asia turmoil, rising oil prices weigh heavily on sentiment

The stock market benchmark indices Sensex and Nifty ended sharply lower on Friday, propelled by the heightening conflict in West Asia and surging oil prices.

Besides, heavy selling in global markets, persistent foreign fund outflows and weakness in the rupee also dented investor sentiment.

Declining for the third day running, the 30-share BSE Sensex tumbled 1,579.82 points, or 2 per cent, to 74,454.60 in intra-day trade. The benchmark finally settled at 74,563.92, down 1,470.50 points, or 1.93 per cent.

The 50-share NSE Nifty tanked 488.05 points, or 2.06 per cent, to end at 23,151.10.

Hindustan Unilever and Bharti Airtel were the gainers.

Brent crude, the global oil benchmark, climbed 0.25 per cent to $100.7 per barrel.

In Asian markets, South Korea’s benchmark Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended lower.

Markets in Europe were quoting in negative territory.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹7,049.87 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) however, bought stocks worth ₹7,449.77 crore.

On Thursday, the Sensex tanked 829.29 points, or 1.08 per cent, to settle at 76,034.42. Similarly, the Nifty fell by 227.70 points, or 0.95 per cent, to close at 23,639.15.

Published on March 13, 2026