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Shares of Larsen & Toubro dropped steeply on the NSE today as escalating geopolitical tensions involving the US, Israel, and Iran rattled global markets and heightened risk aversion among traders. Investors grew concerned over possible disruptions to project execution in the Middle East and rising costs amid supply chain uncertainties, prompting heavy selling in infrastructure and construction stocks. L&T’s share price fell by over 7 % in early trade, making it one of the worst-performing large-cap names on the index as broader indices also weakened. Market participants linked the steep decline to the intensified conflict and its potential impact on global economic stability, which pressured demand expectations for large engineering and infrastructure contracts. The sharp move in L&T’s stock reflected heightened caution in the market as geopolitical risks continue to dominate trading sentiment.
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