Post-Market, 6 March 2026: Markets Witness Heavy Losses

Markets saw heavy losses on Friday. Rising global oil prices and geopolitical worries made investors jittery. At the closing bell:

• The Sensex stood at 78,918.90, down 1.37%

• The Nifty 50 stood at 24,450.45, losing 1.27%

Rise In Crude Oil Prices

Markets came under pressure after crude oil prices spiked sharply. As per reports, shipping activity through the Strait of Hormuz has nearly halted. This has raised fears of a supply disruption in global energy markets. Note that Brent crude has increased 18% this week. This has put it on track for its biggest weekly surge since 2022.

Pressure In Broader Markets

The weakness was not limited to the benchmark indices. Broader markets also closed in the red. The Nifty Midcap and Nifty Smallcap indices ended 0.69% and 0.24% down. The Nifty Private Bank Index also declined by 2.27%.

Fluctuating Fortunes For Gold And Silver

Gold and silver witnessed fluctuating fortunes. At 15:47pm, on the Multi-Commodity Exchange (MCX), gold April futures stood at ₹159,650 per 10 grams, down by 0.01%. On the other hand, silver May futures stood at ₹2,63,200 per kg, up by 0.38%. Industry watchers attributed it to a typical safe-haven response.

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A Cautious Mood And What Lies Ahead?

By the closing bell, the market tone had clearly turned cautious. Traders appeared unwilling to add fresh positions before the weekend. This especially with the Middle East conflict showing little signs of ease.

The key thing to watch next week will be whether crude prices stabilise. If oil cools down, markets may recover. However, if the geopolitical situation worsens and oil keeps rising, volatility could remain high in the near term.

Sources:

Livemint

Business Standard