Top Nifty 50 Gainers Today

• Bharat Electronics Limited (BEL): up 1.01%
• Oil and Natural Gas Corporation (ONGC): up 0.80%
• Sun Pharmaceutical Industries: up 0.63%
• Bharti Airtel: up 0.16%

Top Nifty 50 Losers Today

• Larsen & Toubro (L&T): down 6.67%
• Adani Ports and Special Economic Zone: down 5.52%
• Jio Financial Services: down 4.13%
• Asian Paints: down 3.71%

Analysis: Reasons Behind the Moves

The Indian equity markets witnessed a significant "risk-off" session on March 02, 2026, primarily driven by a dramatic escalation in Middle East conflict following weekend airstrikes involving the U.S., Israel, and Iran. This geopolitical instability led to a sharp spike in global crude oil prices, which surged nearly 9% in early trade, weighing heavily on oil-import-dependent economies like India.

Major infrastructure and industrial players such as Larsen & Toubro and Adani Ports led the losses as investors feared disruptions to global trade routes and supply chains. Sectoral indices for auto and realty also faced intense pressure, with the Nifty Auto index emerging as one of the worst performers, dropping 2.20%. Foreign Institutional Investors (FIIs) were aggressive sellers, further dampening market sentiment.

In contrast, defense-related stocks like Bharat Electronics showed resilience, gaining as the regional conflict spurred buying interest in the sector. Energy giant ONGC also benefited from the surge in crude oil prices. Additionally, the market experienced heightened volatility due to the weekly Nifty derivatives expiry and the upcoming Holi holiday, which prompted many traders to square off positions amidst the global uncertainty.

TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers

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