No connection

Search Results

Markets Score 75 Bearish

Indian Shares Drop Sharply Following Trump's Address on Middle East Conflict

Apr 02, 2026 04:33 UTC
^BSESN, CL=F, ^VIX
Immediate term

Indian equities opened lower as President Trump's comments on the Middle East conflict failed to provide clarity, spooking investors. The BSE Sensex and Nifty 50 indices both fell significantly amid rising oil prices and inflation fears.

  • Indian shares fell sharply after Trump's speech on the Middle East conflict.
  • BSE Sensex dropped 1,420 points (1.9%) to 71,712.
  • Nifty 50 index declined 445 points (2%) to 22,233.
  • Oil prices surged 5% amid heightened geopolitical tensions.
  • Energy and defense sectors were hardest hit, with state-run oil companies and aviation firms declining.
  • Wipro was an exception, showing little movement after an AI unit launch.

Indian shares opened sharply lower on April 2, 2026, as President Donald Trump's prime-time address on the Middle East conflict failed to offer a clear timeline for resolution, unsettling investors. Trump's remarks that the U.S. military goals were 'nearing completion' and that Iran would face 'extreme' consequences in the coming weeks sent oil prices surging and revived concerns over inflation. The BSE Sensex dropped 1,420 points, or 1.9 percent, to 71,712, while the Nifty 50 index fell 445 points, or nearly 2 percent, to 22,233. Energy and defense sectors were particularly affected, with oil prices rising 5 percent and state-run oil companies BPCL, HPCL, and IOC declining 3-4 percent due to under-recoveries from higher crude prices. InterGlobe Aviation and Asian Paints also fell 4 and 3 percent, respectively. Other notable declines included Lupin, down 4 percent after its acquisition of VISUfarma B.V., and Glenmark Pharmaceuticals, which dropped 5 percent following a strategic shift in the U.S. market. Financial and industrial stocks such as Bajaj FinServ, Mahindra & Mahindra, and Tata Steel also slid 3-4 percent. Wipro remained relatively stable after announcing a new AI-focused business unit.

Sign up free to read the full analysis

Create a free account to unlock full AI-curated market articles, personalized alerts, and more.

Create Free Account Already have an account? Sign In
Share this article

Related Articles

Score 75

March Job Cuts Surge 25% as AI Adoption Accelerates

Apr 02, 11:36

Score 25 Bullish

Nanobiotix stock price target raised to $36 by Guggenheim on NSCLC outlook

Apr 02, 11:33

Score 85 Bullish

Jim Cramer Predicts Market Shifts as U.S.-Iran War Potential Easing Sparks Rally

Apr 02, 11:30

Score 65 Bullish

TotalEnergies and Masdar Launch $2.2 Billion Asia Wind and Solar Venture

Apr 02, 11:29

Stay Ahead of the Markets

Join thousands of traders using AI-powered market intelligence. Get personalized insights, real-time alerts, and advanced analysis tools.

Get Started Free View Plans
Features Terminal AI Assistant Analysis Market News Pricing
Start Trading with AI Already have an account? Sign In
Home
Terminal
AI
Markets
Profile