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Sensex rose 364 points to 79,481, and Nifty gained 92 points to 24,573, as global markets recovered and geopolitical fears cooled.
Metal stocks led the rally as Hindalco surged over 6%, while Coal India, ONGC and Tata Steel also posted gains.
Reliance Industries jumped nearly 3% as reports of China suspending fuel exports boosted optimism for Indian refining companies.
Indian stock market today, on March 5, bounced back, snapping a three-session losing streak that had battered investor confidence. It was supported by a sharp recovery in Asian markets, a pause in the dollar rally, and hopes of a diplomatic resolution to the ongoing US-Iran conflict. Sensex surged 364.97 points or 0.46% at 79,481.16. Nifty held at 24,573, up 92.5 points or 0.38% at press time.
Here is everything you need to know about the stock market today, based on Moneycontrol Live Updates.
The stock market today saw a clear split in sectors. Nifty Metal was the top-performing index. It surged over 3%, led by Hindalco Industries stock, which jumped 6.1%. Coal India climbed 3.2%, ONGC rose 3%, and Tata Steel gained 2.4%. The rally in metals was fuelled by rising aluminium prices due to global supply disruptions.
Oil and gas, pharma, realty, auto, and infrastructure sectors all gained over 1% each. BSE Oil and Gas snapped a three-day losing streak, with Reliance Industries up 2.98%. HPCL gained 2.37%, IOC rose 1.38%, and BPCL added 1.37%.
On the other hand, Nifty IT fell over 1%, with HCL Tech down 0.62%. TCS slipped 0.57%, and Tech Mahindra dropped 0.55%. Nifty FMCG also edged lower by 0.5%.
Here is a table summarising the above info. It shows the most active stocks, top gainers and losers on Nifty 50, according to Moneycontrol data.
Bharat Forge was among the top individual stock stories in today's share market news. Its share price surged 3.5% to Rs. 1,904 on NSE. The surge was driven by strong North America Class 8 truck order data; net orders jumped 47,200 units in February, up 47% month-on-month and 159% year-on-year. The company's board also approved raising funds of up to Rs. 800 crore through an unsecured rupee term loan.
Reliance Industries share price jumped nearly 3% to Rs. 1,383, on reports that China plans to suspend diesel and gasoline exports.This could benefit Indian refiners. Chennai Petroleum Corporation also rallied 5.4%, MRPL jumped 5.72%, and Indian Oil Corporation gained 2.87%.
Gujarat Gas was one of the biggest losers. Its stock crashed 7% to Rs. 389 after the company invoked force majeure and restricted daily contracted gas supply to industrial customers from March 6. Gujarat Gas cited severe constraints on R-LNG availability due to the Middle East conflict.
Indian rupee opened sharply stronger at 91.57 per dollar on Thursday, up 57 paise from March 4th’s close of 92.14. The currency had been under pressure all week as the US-Iran war pushed up oil import costs.
Gold prices surged on safe-haven demand. MCX gold April futures rose Rs. 1,600 or 1% to Rs. 1,63,142 per 10 grams at press time. MCX silver May futures climbed nearly 2% to Rs. 2,70,501 per kg. Spot gold internationally traded around $5,176 per ounce.
Crude oil prices stayed elevated. Brent crude rose 2.05% to $83.07 per barrel, while US WTI crude climbed 2.60% to $76.60 per barrel. The near-closure of the Strait of Hormuz continues to disrupt roughly 20% of global oil supply.
The stock market today drew strength from a global recovery. South Korea's KOSPI soared 10.4%, its biggest single-day gain since October 2008, after crashing 12.1% the previous session. Japan's Nikkei rose 2.9%, and MSCI's Asia-Pacific index (ex-Japan) surged 2.9%.
On Wall Street, Dow Jones closed at 48,739.41 (up 0.49%), S&P 500 at 6,869.50 (up 0.78%), and Nasdaq at 22,807.48 (up 1.29%). NVIDIA shares gained 1.66%, AMD jumped 5.82%, Amazon rallied 3.88%, and Tesla surged 3.44%.
The US Senate backed President Trump's military campaign against Iran, However, some reports suggested that Iran's intelligence operatives signalled openness to talks with the CIA for peace. The dollar index eased to 98.82, euro steadied at $1.1628, and yen rose to 156.79 per dollar.
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Omnitech Engineering made a weak stock market debut on March 5, listing at Rs. 202 on NSE and Rs. 205 on BSE. This is an 11% discount to its IPO price of Rs. 227 per share, leaving allottees nursing losses. BSE received SEBI approval to launch derivative contracts on BSE Sensex Next 30 index. BSE shares gained 2.07% to Rs. 2,681.40.
Hindustan Unilever completed the sale of its entire 19.8% stake in Nutritionalab for Rs. 307 crore. Ramky Infrastructure jumped 9.23% after bagging a Rs. 1,401.84 crore EPC contract from Maharashtra Industrial Township for infrastructure works in the Dighi Port Industrial Area.
JP Morgan initiated coverage on Adani Ports with an 'overweight' rating and a target price of Rs. 1,944, and on JSW Infra with an 'overweight' rating and a target price of Rs. 310. The firm cited structural growth in India's ports and logistics sector for the ratings.
Experts warn the rebound may not signal a trend reversal as long as crude prices stay elevated. VK Vijayakumar of Geojit Investments said attacks on oil facilities remain a key risk, while Avinash Gorakshakar of Profitmart Securities noted that domestic-facing sectors may see selective buying. Key support for Nifty sits at 24,300, while resistance is at 24,600-24,800. The stock market today is expected to be volatile; its next move will be decided by what happens with the US-Iran reported peace talks.
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1. What is the Sensex and Nifty level today?
The Sensex is trading at around 79,481, gaining about 365 points or 0.46% during the session. The Nifty 50 index is holding near 24,573, rising about 92 points or 0.38%. These gains helped the Indian market snap a three-day losing streak. The rebound came after improved global cues and strong buying in metal, oil and infrastructure stocks, which supported overall market sentiment.
Many stocks are seeing strong movement in today’s market. Hindalco Industries is among the biggest gainers, jumping over 6% as aluminium prices rose globally. Reliance Industries also gained nearly 3%, supporting the oil and gas sector. Other stocks, such as Coal India, ONGC, and Bharat Electronics, also moved higher. On the losing side, HCL Tech, HDFC Life, and Adani Enterprises declined as the IT and FMCG sectors remained under pressure.
The US-Iran conflict is creating uncertainty in global markets, especially because it affects oil supply. The Strait of Hormuz is an important route for global oil shipments, and disruptions there can push up crude prices. Higher oil prices are a concern for India because the country imports most of its crude oil. Rising oil costs can increase inflation and pressure the rupee, which may eventually impact stock market performance.
Market experts say the current rebound does not yet confirm a strong uptrend. Crude oil prices remain elevated, and geopolitical risks still exist. These factors could keep markets volatile in the short term. Analysts believe the Nifty has strong support around 24,300, while resistance lies between 24,600 and 24,800. Investors may see selective buying in sectors linked to domestic demand, while export-focused sectors could remain under pressure.
Gold prices are rising as investors seek safe assets amid global uncertainty. The ongoing tensions involving the United States and Iran have increased geopolitical risk, which usually pushes investors toward gold. In India, MCX gold April futures climbed about Rs. 1,600 to Rs. 1,63,142 per 10 grams, while international spot gold traded near $5,176 per ounce. When uncertainty in global markets increases, demand for gold typically rises as investors seek to protect their money.
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