New Delhi, March 27 -- While markets had entered 2026 on a weak note, the escalation in the Iran-Israel/US conflict further tightened the bears' grip on Dalal Street. Since the beginning of the US-Iran war, the total market capitalisation of BSE-listed companies has declined by over 9%, or around Rs.41 lakh crore, highlighting the broad-based sell-off triggered by global uncertainty.

The market capitalisation of BSE-listed firms fell to Rs.422 lakh crore as of March 27, down from Rs.463 lakh crore on February 27, 2026.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, believes that this correction has brought Nifty valuations down to fair levels, with the index now trading at around 19 times earnings, below its 10-year ...