India, March 2 -- Escalating tensions in West Asia have triggered sharp sectoral moves across Indian markets, as investors react to rising geopolitical uncertainty. Travel and tourism stocks faced pressure amid flight disruptions and airspace concerns, while precious metal-linked businesses drew attention on safe-haven demand. Metal counters turned cautious on currency strength fears, and rice exporters saw sentiment weaken due to trade risks. In contrast, defence-related stocks gained momentum, reflecting expectations of higher equipment demand in a prolonged conflict environment.

Tourism Stocks Tourism-linked stocks may remain volatile after missile strikes in the Middle East triggered flight cancellations and temporary airspace closu...