Dow Jones drops 500 points, oil surges after US-Israel strikes on Iran

US markets plunged as US and Israel strikes on Iran triggered retaliatory attacks, spiking oil prices. Dow Jones fell 1.2%, S&P 500 dropped 1%.

US markets plunged as US and Israel strikes on Iran triggered retaliatory attacks, spiking oil prices. Dow Jones fell 1.2%, S&P 500 dropped 1%.

The Voltas stock is also trading at an 8% premium to LG Electronics India, a valuation BofA finds difficult to justify.

Dutch TTF gas surged 48.6 percent as QatarEnergy halted LNG production at Ras Laffan and Mesaieed after Iranian attacks, threatening EU supply and intensifying global competition for cargoes.

Asian countries are the most at risk from oil and gas supply disruptions in the Strait of Hormuz, with Japan facing the highest risk, followed by South Korea and India, according to international research group Zero Carbon Analytics..

In a weak session, Tejas Networks jumped over 19% intraday, topping the charts, with ideaForge and Solar Industries close behind, as MCX, Muthoot Finance and others bucked the broader sell-off.

Adani Ports & Special Economic Zone Ltd. reported 16% YoY cargo growth in February 2026. Shares of Adani Ports & Special Economic Zone Ltd. ended lower on Monday, March 2, by 3.43% at ₹1,468.90 on the NSE.

State Bank of India announced Nitin Chugh’s contract ends March 3, 2026, but he is relieved on March 2, 2026. Shares closed at ₹1,189.50, down 1.02 percent on NSE.

Closing Bell: Equities ended sharply lower amid escalating US–Iran tensions, with the Sensex falling over 1,000 points and the Nifty slipping below 24,900, even as benchmarks rebounded more than 250 points from intraday lows.

Emcure Pharmaceuticals signs a distribution deal with Roche to supply CellCept, Mircera, and Neorecormon for nephrology and transplant care in India, effective April 1, 2026.

The Nifty slipped below 24,700 to its lowest level in a month, with losses broad-based across largecaps and midcaps. The early fall wiped out over ₹10 lakh crore in investor wealth.