Nifty 50 outlook, March 3 -- The sharp impact of the heightened geopolitical tensions in the wake of US and Israel's attacks on the Indian equity markets was clearly visible in the bloodbath on Dalal Street on Monday, which not only pushed benchmark indices to multi-month lows but also wiped off investor wealth by around Rs.6 lakh crore in a single day.

Singed by the impact of the Middle East conflict, investors are dumping equities in favour of safe-haven assets like gold and the US dollar. This has resulted in sharp drawdowns not only in global equities but also in India.

The Nifty 50 index kicked off the holiday-shortened week on a gap-down note as it plummeted to the near 24,600 mark. Though it ended at 24,865, nursing losses of 1.2...