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Palak Jain

4th Mar · SEBI-Registered Analyst

Stock market today: From
SWIGGY
y, IRFC to RVNL— More than 700 stocks hit 52-week lows on BSE amid stock market crash

The Indian stock market ended with deep cuts on Wednesday, March 4, on concerns over a US-Iran war, crude oil price hike, foreign capital outflow, and the rupee's fall to a record low against the dollar kept investors on tenterhooks. The Sensex crashed 1,123 points, or 1.40%, to finish the day at 79,116, while the Nifty 50 plunged 385 points, or 1.55%, to end at 24,480.50. "Global risk sentiment remained fragile amid ongoing tensions in the Middle East and the closure of the Strait of Hormuz, which kept oil prices volatile. Indian equities mirrored the broader risk‑off environment due to the impact of inflation and the potential for higher CAD. The continued depreciation of the INR also remains a key concern, while incremental foreign outflows lead to near-term volatility in the market," Vinod Nair, Head of Research, Geojit Investments Limited, noted.

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