New Delhi, March 16 -- The flare-up in West Asia is rippling through Dalal Street, denting the portfolios of several marquee investors and triggering a correction in Indian equities. A Mint analysis of shareholding data from Primeinfobase shows the value of holdings of many prominent investors declined sharply between 31 December 2025 and 13 March 2026, as tensions involving the US, Israel and Iran unsettled global markets and pushed crude oil prices higher.

The correction has been visible across the broader market as well. Since 27 February, when tensions in the Middle East escalated, the Sensex and Nifty have fallen more than 8%, reflecting rising global risk aversion and persistent foreign portfolio investor (FPI) selling.

The weakne...