Pre-Market, 5 March 2026: Markets To Remain On The Edge

Indian equities go into the next session on the back of a sharp decline. The Nifty 50 and Sensex extended losses on Wednesday as rising tensions in the Middle East pushed crude oil to a 19-month high. At close:

The Sensex fell 1,122.66 points to close at 79,116.19

The Nifty 50 dropped 385.20 points to settle at 24,480.50

More Heat On Broader Market

Broader markets felt the heat more than the benchmarks. The Nifty MidCap index declined 2.2%. The Nifty SmallCap index slipped 2.1%. Traders trimmed exposure in higher-risk pockets as oil prices surged and global cues weakened.

IT was the only sector that managed to end in the green. The Nifty IT index edged up 0.11%, standing out in an otherwise weak session.

Sectors Likely To Be In Action

The following sectors are likely to be closely monitored today:

• Oil and Energy

With crude prices at elevated levels, oil marketing companies and upstream players could see action. Traders will track global oil moves overnight. Volatility in this pocket may remain high.

• IT

IT stocks showed relative strength in the previous session. The sector often finds support when the rupee weakens or when global risk rises. If defensive positioning continues, IT could remain in focus.

• Bank

Banking stocks saw pressure in the last session along with the broader market. Bank Nifty will be closely watched. Any signs of stability here may help indices stabilise.

Also Read - Russia Prepares To Increase Oil Supply To India & China Amid Rising Hormuz Tension

Mood And Expectations Today

The mood at the close yesterday was defensive. There was no panic selling. However, traders clearly reduced risk. Many preferred to lighten positions ahead of fresh global cues. Short-term traders are likely to stay nimble.

Volatility may stay elevated if geopolitical headlines continue. Today, markets can expect a cautious start. If oil prices stay elevated, pressure could continue on frontline indices.

Sources

Business Standard

Livemint