Stock Market
L&T, Reliance Defy Nifty Slump as Defensives Rally
In a choppy Indian market hit by oil shocks, Larsen & Toubro and Reliance Industries lead defensive stocks higher, signaling smart plays for uncertain times.

Picture this: Global oil prices are spiking on Iran tensions, the rupee's wobbling, and the Nifty's feeling the heat. Yet, a handful of Indian heavyweights are not just holding steady—they're charging ahead. Larsen & Toubro and Reliance Industries are topping the charts as defensive darlings in today's market mayhem.
What Happened
Indian equities took a hit on March 24, 2026, amid broader volatility from Middle East flare-ups and crude oil jitters. ET Now News highlighted top gainers...
Nifty
L&T
Reliance
defensive stocks
market slump
India stocks
oil shock
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