Stock Market Highlights 6 March 2026: Sensex tanks 1,097 pts to 78,918 amid West Asia turmoil, Nifty ends below 24,500

Industryupdate

Investcorp says its GP staking arm has closed on commitments of over $1.25 billion to Investcorp Strategic Capital Partners II and associated vehicles

Investcorp announces that its GP staking arm, Investcorp Strategic Capital Group (ISCG), has closed on commitments of over $1.25 billion to Investcorp Strategic Capital Partners II and associated vehicles (together, “ISCP II”) – this is inclusive of $1.1 billion of fund commitments and an additional $155 million of committed co-investment capital.

ISCP II closed at a size more than 75% higher than that of ISCP I in a highly selective fundraising environment for private markets, underscoring the differentiated nature of ISCG’s strategy and the strength of its LP relationships. Also, following the ISCP II fundraise, ISCG AUM totals over $2.4 billion.

Stock market

HDFC Asset Management Company appoints Shobhit Mehrotra as Head New Initiatives Fixed Income

HDFC Asset Management Company Limited has informed the Exchange regarding Appointment of Mr. Shobhit Mehrotra as Head New Initiatives Fixed Income of the company w.e.f. March 16, 2026; and Anil Bamboli as Head Fixed Income of the company w.e.f. March 07, 2026.

Stock market

Alkem Medtech’s arm executes share purchase agreement with Occlutech to acquire up to 55% total issued equity share capital

Stock market

Sun TV Network declares interim dividend of ₹1.25 per equity share

Industryupdate

Sarda Energy & Minerals acquires shares of Godawari Power & Ispat Limited from secondary market

Marketdown

Sensex 1117.02 plunges pts or 1.40% to 78,898.88

Of all the 4,357 stocks that were traded on the BSE, 1,833 advanced, 2355 declined and 169 remained unchanged. 68 stocks hit the 52-week high, 252 hit 52-week low. 180 stocks hit the upper circuit and 162 hit the lower circuit.

Industryupdate

Ircon International clarifies that report on merger with RVNL is inaccurate

No such discussions or negotiations are underway, the company has said.

Commodities

Gold stuck in Dubai being sold at steep discounts as war widens

Gold is being offered at a steep discount in Dubai, as the war in West Asia grounds flights and hampers suppliers’ ability to move bullion out of the key trading hub.

Gold stuck in Dubai being sold at steep discounts as war widens

Gold is being offered at a steep discount in Dubai, as the war in the Middle East grounds flights and hampers suppliers’ ability to move bullion out of the key trading hub.

Industryupdate

HEC Infra Projects bags ₹100 cr order from Dakshin Gujarat Vij Co

​HEC Infra Projects​, a leading EPC player specialising in electrical, mechanical and instrumentation works, has secured a work order worth about ₹100 crore from Dakshin Gujarat Vij Company.

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HEC Infra Projects bags ₹100 cr order from Dakshin Gujarat Vij Co

HEC Infra Projects secures ₹100 crore order from Dakshin Gujarat Vij Co for major rural electrification project in joint venture.

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Commodities

Oil powers to 17% weekly gain as West Asia war rips through the market

Oil headed for the biggest weekly surge since 2022 as the war in West Asia unleashed a wave of disruption across energy markets, with producers, importers and shippers struggling to deal with the fall-out.

Oil powers to 17% weekly gain as West Asia war rips through the market

As the hostilities have flared, shipping through the Strait of Hormuz has all but halted, choking off oil supplies to global markets and prompting producers to start shutting-in output

Industryupdate

UltraTech Cement has appointed Mr Jayant Dua as Managing Director with effect from January 1, 2027

Industryupdate

Indian Oil Corporation declares Interim Dividend of Rs 2 per equity share

Industryupdate

Adani Total Gas keeps CNG, domestic PNG prices unchanged; curbs supply to industrial users

Adani Total Gas Ltd (ATGL) has not raised prices of CNG and piped cooking gas supplied to households, even as it has imposed supply curbs on some large industrial consumers amid the escalating West Asia crisis affecting gas supplies, officials said on Friday.

Adani Total Gas keeps CNG, domestic PNG prices unchanged; curbs supply to industrial users

Industrial and commercial users asked to cut gas consumption to 40% of contracted volumes amid LNG supply constraints.

Industryupdate

IRIS RegTech Solutions said the MCA has issued a certificate of incorporation for its subsidiary – named: IRIS Data Solutions Private Limited

Commodities

Renisha Chainani, head of research at Augmont: Strong Dollar and Rising Yields Offset Safe-Haven Demand in Precious Metals

· Safe Heaven hedge – Gold is currently consolidating in the $5,100–$5,200 range, reflecting a pause after the strong rally seen earlier this year, while silver is heading for a weekly decline of more than 10% as investors shift toward the US dollar. Normally, escalating geopolitical tensions support precious metals, but this time a stronger dollar and rising US Treasury yields are offsetting the safe-haven premium.

· Geopolitical Tensions – The ongoing US–Israel conflict with Iran, now in its seventh day, has heightened regional uncertainty after Iran launched missiles and drones across the Gulf, striking an oil refinery in Bahrain, while Israel continued airstrikes on Tehran.

· Dollar Strength – However, robust US economic data—such as lower jobless claims and stronger services growth—has pushed expectations for the next Federal Reserve rate cut to September or October, supporting the dollar and creating short-term headwinds for gold and silver.

Technical Triggers

· Gold continues to maintain a bullish bias, with prices expected to move towards $5250 (~ ₹165,000) and $5300 (~ ₹167,000) in the near term. Strong support is seen around the $5000 (~ ₹158,000) level, which is likely to act as a key buying zone on any corrective dips.

· Silver also remains firmly supported and is continuing its upward momentum, with the next upside target seen around $90 (~ ₹282,000). On the downside, strong support is placed near $80 (~ ₹255,000), suggesting that any short-term corrections could attract fresh buying interest.

Industryupdate

Reliance Power clarifies that there have been no ED raids at locations linked to it

Reliance Power, in reference to various media reports alleging that the Enforcement Directorate has conducted raids at locations linked to Reliance Power Ltd, has clarified that no such action took place.

“ In this regard, the company would like to clarify that, to the best of its knowledge, no such action has been carried out at any of the offices or premises of the company.”

Industryupdate

Gulf Oil Lubricants extends partnership with Chennai Super Kings

Gulf Oil Lubricants India Ltd, a Hinduja Group Company and a leading player in the lubricants industry, today announced the extension of its long-standing partnership with the Chennai Super Kings (CSK). The association will continue with Gulf being the Official Lubricants Partner of the franchise for the next four years. With this renewal, Gulf extends one of the most enduring brand associations in the history of India’s premier T20 competition.

Marketup

Reliance Consumer Products Ltd, the FMCG arm of Reliance Industries, signs a Memorandum of Understanding with Finnish foods company Fazer. Reliance Industries rose 2% to Rs 1,417.20 on the NSE

Industryupdate

HCLTech completes acquisition of Singapore-based Finergic Solutions Pte Ltd. Shares flat on the NSE at Rs 1,361

Industryupdate

Genesys International brings advanced underground utility mapping tech to India

Mumbai-based geospatial firm Genesys International Corporation Ltd on Friday launched what it described as India’s first advanced Ground Penetrating Radar (GPR) system from Italian technology company IDS GeoRadar, aimed at 3D mapping of underground utilities.

Genesys International brings advanced underground utility mapping tech to India

Genesys International launches India’s first advanced Ground Penetrating Radar system for 3D underground utility mapping and smart city projects.

Industryupdate

Keystone Realtors Limited Shares were down 1% on the NSE to Rs 395.35

Keystone Realtors Limited through its wholly owned subsidiary, Keymidtown Developers Private Limited has as on the date hereof, executed the Development Agreement with the GTB Nagar Societies and MHADA and a separate Construction and Development Agreement with MHADA, for the redevelopment of GTB Nagar in Sion, one of Mumbai’s most impactful urban transformation projects, being undertaken in collaboration with MHADA.

Industryupdate

Ambani’s record IPO of Jio delayed by regulatory limbo

Ambani’s record IPO of Jio delayed by regulatory limbo

Ambani said in August that Reliance was aiming to list Jio in the first half of 2026, a plan he had first signaled 2019 — back then with a five-year timeline

Industryupdate

WeWork India Management will be launching a Design & Build vertical, branded as “Rivet”, on March 9, 2026

Banking

Bank Nifty down over 1% to 58,285.65. Top losers: ICICI Bank, HDFC Bank, Axis Bank and SBI

NSE

Reliance Industries continue to move the Nifty 50 up, but Bank stocks weight the Nifty down 150 pts to 24,610.00

Charts: NSE

Info tech

Accelerate Next completes acquistion agreement with Beanstalk Web Solutions

Accelerate Next Inc, Wholly-Owned Subsidiary of AccelerateBS India, has executed and completed the Acquisition Agreement with Beanstalk Web Solutions LLC to acquire 100% stake in the Beanstalk Web Solutions LLC, an Entity incorporated under the laws of United States of America.

BSE

OMC stocks in focus (BSE): BPCL (-1.83%), HPCL (-1.57%), IOC (-0.87%)

NSE

Nifty Bank Prediction Today – March 6, 2026: Nifty Bank futures: Breaches a support

Nifty Bank Prediction Today – March 6, 2026: Nifty Bank futures: Breaches a support

Nifty Bank futures (March) can extend the decline to 58,500

Marketdown

Genesys Introduces Advanced IDS GeoRadar GPR System for 3D Underground Utility Mapping in India. Shares traded at Rs 268.55 on the NSE, down 1%

Industryupdate

Avio Smart Market Stack, Huwel Lifesciences to Launch Patented Molecular Diagnostic Products Across Healthcare Segments

Industryupdate

Omaxe says it received phenomenal response for its luxury property in Faridabad

Omaxe, has announced a phenomenal market response to its newly RERA-approved luxury and commercial developments in Faridabad by one of its Wholly Owned Subsidiary M/s. Omaxe World Street Pvt. Ltd

The initial response to these launches has set a new benchmark in the region. Under Phase 1 of Omaxe Residences, a total of 173 ultra-luxury residential units were launched and within just a few days, 100 percent of inventory has been successfully sold out. Simultaneously, the commercial development, The Grand Europe, saw an even more aggressive uptake. All 120 launched units were completely sold out on the very first day of the launch

Shares flat on the NSE at Rs 78.18

Marketup

Titagarh Rail Systems gains over 4% on the NSE

Titagarh Rail Systems gained over 4% on the NSE to trade at Rs 684.70 at 10.42 am, hitting a high of Rs 694.40 from Rs 658 (previous close). Associate company Firema transferred a business unit to Fabbrica Italiana Treni for €66 mn.

Industryupdate

SAMHI Hotels’ Board approves acquisition of 70% stake in RARE India

SAMHI Hotels Limited a prominent branded hotel ownership and asset management platform in India, today announced that its board has approved the acquisition of majority stake of 70% in RARE India (“RARE”), one of India’s earliest and largest platform of heritage hotels, retreats and experiential stays.

Review

Moody’s Ratings issue warnings on costly energy imports

Costly energy imports in the wake of the Middle East conflict would weaken the rupee, raise inflation, worsen the current account balance and complicate monetary policy as well as fiscal management if they lead to expanded subsidies to help offset the economic shock, warned Moody’s Ratings.

The rating agency noted that India stands out among the large Asian economies that rely on crude and LNG from the Middle East, with a high share of Middle Eastern crude among total oil imports, and pressure from the US to cut its energy imports from Russia.

Insurance

Canara HSBC Life Insurance Company board approbes Key Info Document

Canara HSBC Life Insurance Company board has approved the Key Information Document in connection with issuance of up to 25,000 unsecured, subordinated, listed, rated, redeemable, non-cumulative, fully paid-up, non-convertible debentures, for a nominal value of up to Rs 250 crore.

Banking

Suryoday Small Finance Bank (SSFB) revises its Fixed Deposit (FD) interest rates

Suryoday Small Finance Bank (SSFB) has revised its Fixed Deposit (FD) interest rates effective 06 March 2026, offering attractive returns for deposits below ₹3 crore across a wide range of tenures. The revised rates are designed to provide customers with competitive and stable investment options while continuing the bank’s promise to help customers “Save More. Earn More. Smile More.”

Under the revised structure, customers can earn up to 7.90% per annum on a 5-year FD, translating to an annualised yield of 8.14%, while senior citizens can earn up to 8.10% per annum with an annualised yield of 8.35% on the same tenure.

Key highlights of the revised FD rates include:

• 7.90% p.a. (8.14% annualised yield) for 5-year Fixed Deposits for regular customers
• 8.10% p.a. (8.35% annualised yield) for 5-year Fixed Deposits for senior citizens
• 7.60% p.a. (7.82% annualised yield) for a special 18-month tenure for regular customers
• 7.95% p.a. (8.19% annualised yield) for 18-month tenure for senior citizens
• 7.25% p.a. for deposits in the 1-year to 3-year range, offering competitive medium-term returns

Flexible FD tenures ranging from 7 days to 10 years, catering to diverse savings and investment needs

Industryupdate

Moneyboxx Finance Raises ₹33.4 Crore in Equity to Accelerate Growth and Strengthen Capital Base

NSE

Nifty Bank Prediction Today – March 6, 2026: Nifty Bank futures: Breaches a support

Nifty Bank Prediction Today – March 6, 2026: Nifty Bank futures: Breaches a support

Nifty Bank futures (March) can extend the decline to 58,500

Review

India’s structural exposure to oil price shock is very high, warns Moody’s Ratings

India’s structural exposure to oil price shock is very high, warns Moody’s Ratings

It noted that India stands out among the large Asian economies that rely on crude and LNG from West Asia, with a high share of West Asian crude among total oil imports

Info tech

TCS Is in ‘Advanced’ Talks for More AI Data Centers in India – Bloomberg. Shares flat at Rs 2,602.10 on the BSE.

Industryupdate

IIFL Finance board approved NCDs aggregating to Rs 2,000 cr.

Stock market

Stock to Watch: Tata Elxsi, TCS, Bank of Baroda, GRSE, Jio Financial, MRPL, Mazagon Dock, Bharat Forge

7 Stock to Watch: Tata Elxsi, TCS, Bank of Baroda, GRSE, Jio Financial, MRPL, Mazagon Dock, Bharat Forge

Several companies are expected to remain in focus in the stock market today following key corporate announcements, strategic partnerships, fundraising moves, and clarifications on market rumours.

Marketup

Mazagon Dock stocks surges 7.52% as ₹99,000 cr submarine deal; up 18% in two trading sessions

Shares of Mazagon Dock Shipbuilders Limited surged 7.52 per cent to ₹2,530.90 on Friday morning, hitting an intraday high of ₹2,560, as investors reacted to reports of a defence contract nearing completion.

Graph Courtesy: NSE

Economy

Rupee gains 2 paise to 91.62 against US dollar in early trade

​The rupee​ stayed firm and gained 2 paise to 91.62 against the ​US dollar​ on Friday after the US announced a 30-day waiver for Indian refiners to purchase Russian oil, easing pressure on the global energy flow amid the ongoing war in West Asia. Read more ​here​

Industryupdate

Aditya Birla Group restarts iron ore business, sources say

Commodities trading house Aditya Birla Global Trading ‌is restarting its iron ore operations, three sources familiar with the matter ⁠said, as other traders exit the market due to record-low volatility. Read more here

NSE

Sectoral Indices on the NSE

Courtesy: NSE

Industryupdate

Lemon Tree Hotels signed a License Agreement viz. Lemon Tree Hotel, Barog, Himachal Pradesh

The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. This hotel will feature 49 well-appointed rooms, a restaurant, banquet hall, meeting room, spa, swimming pool and fitness center. 

Shares traded flat on the NSE at Rs 112.49

Marketup

Fractal Analytics crosses Rs 100 Cr PAT in Q3

⁠Revenue Grows 21%, Adjusted EBITDA Grows Even Faster at 24% YoY • Improves Gross Margin to 47.2%, considered Best in Class. Fractal Shares were up 3% on the NSE to Rs 785.

Industryupdate

Urgo Capital is in the process of completing the acquisition of Datasigns Technologies Private Limited

Industryupdate

Uravi Defence and Technology Limited has transferred 50.01% of its shareholding in SKL to Mr. Krishnakumar Bhatia and Mrs. Bhavna Bhatia.

Industryupdate

Angel One client base in Feb 2026 stood at 36.93 million compared to 30.58 million in Feb 2025.

Gross client acquisition rose to 0.57 mn in Feb 2026 from 0.49 mn in Feb 2025. ​Angel One shares​ flat on the NSE at Rs 226

Stock market

Morgan Stanley turns more cautious on Asian stocks, cuts India

Morgan Stanley is adopting a more cautious stance on Asian equities, trimming its India exposure on concerns that the Iran war may disrupt supply chains if oil flows through the Strait of Hormuz fail to recover. Read more ​here​

Commodities

Gold set for weekly loss as Dollar strength offsets war premium

​Gold​ recaptured some losses but remained on track for the first weekly decline in more than a month, pressured by a stronger US dollar and inflationary risks tied to the ongoing war in West Asia. Read more ​here​

Marketup

Alembic Pharmaceuticals Shares up 1% on the NSE to Rs 715.60

​Alembic Pharmaceuticals​ Reports First Prescription Sale of Pivya®️ (pivmecillinam) Following US Commercial Launch through Alembic Therapeutics LLC

Marketup

NMDC shares gained 1% on the NSE to ₹79.25

​NMDC​ informed that the prices of Iron Ore w.e.f. 06th March 2026 has been fixed as under: – Baila Lump (65.5%, 10-40 mm) – ₹ 4,800/- Per Ton. Baila Fines (64%, -10 mm) – ₹ 4,050/- Per Ton

Banking

Bank stocks pull Nifty down

Info tech

Wipro has allotted 11,222 equity shares under ADS Restricted Stock Unit Plan 2004 and 38,848 equity shares under the Restricted Stock Unit Plan 2007 on March 5, 2026, pursuant to exercise of ESOPs.

Commodities

Crude oil futures traded lower on Friday morning after the US temporarily lifted restrictions on the sale of Russian crude to India, granting a waiver for 30 days.

At 9.23 am on Friday, May Brent oil futures were at $84.56, down by 1 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $80.07, down by 1.16 per cent. March crude oil futures were trading at ₹7338 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹7316, up by 0.30 per cent, and April futures were trading at ₹7180 against the previous close of ₹7217, down by 0.51 per cent.

NSE

Top gainers and losers on the NSE

Top gainers: HCL Tech (+1.39%), Infosys (+1.26%), BEL (+1.10%), Wipro (+1.08%), TCS (+0.97%)

Top losers: IndiGo (-2.44%), ICICI Bank (-2.39%), L&T (-1.97%), Max Health (-1.66%), Tata Steel (-1.61%)

Stock market

BSE Sensex was down 356.91 pts or 0.45% to 79,658.99 at 9.16 am after opening at 79,658.99. Nifty 50 fell 138.75 pts or 0.56% to 24,627.15.

On Thursday, Sensex settled 899.71 pts or 1.14% higher at 80,015.90, and Nifty 50 climbed 285.40 pts or 1.17% to 24,765.90.

Info tech

Generative AI cuts software task time by up to 70 per cent, report finds

The adoption of Generative Artificial Intelligence (AI) tools in software development can significantly boost productivity and reduce task completion time, according to a report by Ness, a digital engineering services company, and Zinnov, a global management consulting firm. Read more here

Economy

India rupee likely to weaken at open; durability of RBI support hinges on oil

​The Indian rupee​ is expected to open weaker on Friday after a rally in the previous session was spurred by likely ​Reserve ‌Bank of India​ intervention, with traders doubtful that the support can last without relief ⁠from oil prices. Read more ​here​

Stock market

Markets set to open lower as West Asia conflict drives crude surge

Indian shares are set to open lower on Friday, with sentiment unsettled as escalating US-Israeli hostilities with Iran fuel fears of a deeper energy supply shock that could push crude higher, ‌reignite inflation and cloud the global growth outlook.

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Markets set to open lower as West Asia conflict drives crude surge

Gift Nifty signals dip amid fears of energy shock, inflation revival, and rupee pressure from escalating US-Israel-Iran hostilities

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Stock market

Asian Stocks Drop as War Drags On, Crude Oil Falls: Markets Wrap

sian equities fell on Friday, putting markets on track for their worst week in six years, as the protracted Middle East conflict and renewed Iranian strikes drove a broad risk selloff. Oil dropped.

Friday’s 1.1% decline in the MSCI Asia Pacific Index brought the gauge’s loss to 7.5% since the war began. Treasuries held this week’s losses, while the dollar edged lower, but it was still headed for its best week since 2024. – Bloomberg

Info tech

Netflix has acquired interpositive, a start-up founded by Ben Affleck that makes AI-powered tools for filmmakers. 

The system builds AI models from a film’s dailies to assist with postproduction tasks like color, relighting and VFX while keeping filmmakers “at the center of the process.” Bela Bajaria, Netflix’s CCO, says the tech will provide creatives “more choices, more control and more protection for their vision.”

NSE

Sectoral Performance | March 06, 2026

NSE

Closing Bell | March 06, 2026

Technicalcallbuy

Today’s Stock Recommendation: March 6, 2026

Info tech

Oracle plans to cut thousands of jobs amid AI data centre cash crunch

Oracle plans to cut thousands of jobs amid AI data centre cash crunch

The reductions being planned are expected to be wider-reaching than the company’s typical rolling job cuts, according to the people

Commodities

US grants temporary waiver to India for Russian oil purchases amid West Asia conflict

The US issued a general license to allow for some Russian oil sales to India, giving the nation more options to purchase fuel as an escalating conflict in the Persian Gulf cuts off a major producing region. 

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US grants temporary waiver to India for Russian oil purchases amid West Asia conflict

The move comes months after President Donald Trump slapped tariffs on Indian goods in a bid to pressure Prime Minister Narendra Modi’s government to abandon energy purchases from Russia

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Technicalcallbuy

Day Trading Guide for March 6, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for March 6, 2026: Intraday supports, resistances for Nifty50 stocks

Discover intraday support and resistance levels for Nifty50 stocks, along with trade recommendations and risk insights.

Technicalcallbuy

Stock to buy today: Grasim Industries (₹2,724.10)

Stock to buy today: Grasim Industries (₹2,724.10)

Consider buying Grasim Industries stock at ₹2,724, aiming for potential gains towards ₹2,920 with strategic stop-losses.