Stock Market Crash News Today Live Updates: Nifty Tanks Below 24,400, Sensex Slides 1,500 Points; Rupee At Record Low

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• L&T has fallen for four consecutive sessions and is down over 12% in the last five sessions, as per the update.
• The Middle East contributes about 37% of L&T’s total order book and about 33% of new order inflows in the first nine months of FY26; the international order book is about Rs 3.6 lakh crore, or 49% of the total, with over 80% of that international book concentrated in the Middle East, mainly Saudi Arabia and the UAE.
• The update flagged execution and logistics risks for projects in the region, including potential disruption to movement of workers and materials, and higher freight and insurance costs if sea routes such as the Strait of Hormuz face constraints.

• Tejas Networks rose as much as 9.1% to Rs 528.95 and is up about 55% over the last three sessions.
• The move follows a deal with Japan’s NEC to manufacture and supply 5G Massive MIMO radios, which Tejas said expands access to international markets via NEC’s customer base.
• Trading volume was about 14 times the 20-day average; the company also received Rs 69.97 crore under the PLI scheme on Feb 18, 2026, and Panatone Finvest, a Tata Sons subsidiary, holds 53% in Tejas Networks.

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• Nifty fell over 500 points at the open, slipping below 24,500.
• Sensex dropped over 1,500 points to 78,663 in early trade.

 

• Harshal Dasani of INVAsset PMS said the current market move looks driven by positioning stress and liquidity-led unwinding rather than a sudden change in Indian fundamentals.
• He said the key monitorable is foreign institutional flows and whether selling accelerates or stabilises after the opening hour, adding that domestic liquidity remains a cushion even as global sentiment drives direction.
• Dasani said the current move can stay sentiment-led unless it turns into a sustained macro shock, such as a prolonged rise in crude or a sharp move in the US dollar.

• Nifty fell 3% to 24,141 in pre-market indications.
• Sensex slipped about 1,700 points to 78,511 ahead of the open.

• Baltic Exchange-linked freight gauges moved higher amid Israel-Iran tensions, with ships likely to reroute to avoid the Strait of Hormuz, the input said.
• The Baltic Dry Index (coal and grain) rose 2.2% on Monday, the Dirty Tanker Index (crude) is up 16.6% since February 27, and the Clean Tanker Index (petrol and diesel) is up 29% since Friday, with all three rising since Saturday’s strikes.
• The input said SCI and GE Shipping are key listed tanker firms to watch; SCI gets 68% of revenue from tankers and 91% of total profits, while GE Shipping saw strong moves in the crude segment in Q3.

• Choice Broking’s Aakash Shah said the Nifty 50 opened about 500 points lower, rose to an intraday high of 25,989.25, then fell to 24,603.50 before closing at 24,865.70.
• Shah flagged 24,900–25,000 as a resistance band and 24,400–24,300 as a support area, with the RSI at 35.48.
• He said Nifty Bank opened at 59,148, touched 60,177.5, and closed at 59,839.65, down 689.35 points; he pegged resistance at 59,900–60,000 and support at 59,000–58,700, and said FIIs sold Rs 3,295 crore on March 2 while DIIs bought Rs 8,593 crore.

• South Korea’s Kosdaq fell for a second straight day, triggering a circuit breaker that halted all trading on the Kosdaq market for 20 minutes.
• The Korea Exchange said this is the 11th time a circuit breaker has been triggered on the Kosdaq.
• It is the first such halt in about 19 months, since August 5, 2024.

 

• Morgan Stanley initiated coverage on Shadowfax Tech with an overweight rating and a target price of Rs 180.
• The brokerage said Shadowfax is executing well as industry structure turns more supportive, and that its focus on niche segments has helped improve profitability and keep the business profitable.
• Morgan Stanley said Shadowfax is relatively less capital intensive than peers, supporting better cash flow conversion.

• South Korea’s Kospi fell 8.10% to 5,322.93.
• The index was down 468.98 points in the session.

• GIFT Nifty signalled a gap-down start, with FII short positions at 84% versus 82%, and FIIs net sellers in the cash market for a third straight day.
• Brent crude prices moved higher as Middle East tensions rose, keeping risk-off sentiment across asset classes; Asian stocks fell for a third consecutive day, with Kospi down almost 12% over the last two days.
• The dollar index strengthened for a third day, while gold rose 1.4% on safe-haven demand.

 

• ThinCredBlu Securities’ Gaurav Udani said Nifty is seen opening near 24,350, down about 500 points, citing risk aversion amid war-related developments.
• He flagged 24,200–24,350 as a near-term support band, and 24,700–24,800 as a resistance zone.
• Udani said traders may see higher volatility and sharp intraday swings, and advised caution, strict stop-losses and focus on capital preservation.

 

• Hang Seng Index fell 1.16% to 25,469.34, down 298.74 points.
• Shanghai Composite declined 0.85% to 4,087.632, down 35.044 points.

 

• South Korea’s Kospi fell 7.24% on Wednesday, extending losses after its worst session in 19 months, amid an escalating war in the Middle East.
• Japan’s Nikkei 225 was down 2.91% at 54,643.28.
• Australia’s S&P/ASX 200 declined 1.71% to 8,921.70.

• GIFT Nifty traded at 24,494 in early indications.
• The level pointed to a gap-down start for Indian equities.