Pre-Market, 6 March 2026: Markets Look To Build On Yesterday’s Gain

Indian equity markets staged a rebound in the trading session yesterday. They snapped a brief losing streak as short covering lifted benchmarks toward the close. The bounce came after three sessions of sharp selling. At the closing bell:

• The Sensex had climbed 899.71 points, or 1.14%, to finish at 80,015.90

• The Nifty 50 also recovered strongly, settling at 24,765.90, up 285.40 points or 1.17%

Market participants attributed the recovery to reports that said Iran had made conditional offers to the United States regarding its nuclear programme. The rebound helped benchmarks move back above key psychological levels. However, traders seemed to remain selective in their bets.

Sectoral Moves Yesterday

Yesterday, sectoral trends were largely positive. Cyclical and commodity-linked stocks led the recovery. Metals stood out as the biggest gainers of the day. Key sectoral movements included the:

• Rise of Nifty Metal Index by 2.29%

• Gain of Nifty Oil and Gas by 1.56%

• Rise of Nifty Consumer Durables by 2.1%

What Traders Are Likely To Watch Today?

Even though markets recovered sharply, sentiments are likely to remain guarded. Industry watchers feel that the recent volatility has made traders cautious about aggressive long positions. A few factors that are likely to remain on the radar ahead of the next session include:

• The prevailing situation in the Middle East related to the US-Israel and Iran conflict

• Movement in crude oil prices

• Foreign institutional flows

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What To Expect Today?

The past three sessions had seen a noticeable sell-off due to geopolitical turmoil. Industry watchers feel that Wednesday’s recovery, in all likelihood, is a relief rally rather than a decisive shift in trend.

Markets may open on a cautious note and are likely to follow the events in the Middle East closely. That said, traders are unlikely to chase prices aggressively after the sharp rebound.

Sources

Livemint

Nifty Indices

Business Standard