Oil refiners, rubber product makers, tire and tube manufacturers, and paint companies fell about 3.2% on average in early trade on 4 March. The sectors have slid nearly 7% over the past two days, while the benchmark Nifty 50 index has fallen just 2% since March 2, highlighting the outsized impact on stocks most exposed to crude following the US-Israel-Iran flare-up.
Echoes of 2022: West Asia conflict puts crude-linked sectors in the crosshairs again
