New Delhi, March 4 -- Rising tensions in West Asia are weighing on crude-sensitive stocks as fears of oil supply disruptions unsettle Dalal Street. Brent crude futures jumped to $82.77 per barrel in early deals on Wednesday, the highest since July 2024 and up nearly 17% in four sessions.

Oil refiners, rubber product makers, tyre 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 2 March, highlighting the outsized impact on stocks most exposed to crude following the US-Israel-Iran flare-up.

"Oil and its derivatives account for 40-70% of raw material costs of these sectors, whic...