HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets continue to trade lower in late afternoon deals
Mar-06-2026

Benchmarks continued to trade lower in late afternoon session as intensified West Asia conflict weighed on investors’ sentiments. Besides, traders opted to adopt a risk averse approach amid persistent selling by foreign institutional investors (FIIs). FIIs were the net sellers on Thursday’s session, offloading equities worth Rs 3,752.52 crore. market participants were worried as Moody's Ratings said India could face pressure on the rupee, higher inflation and a widening current account deficit if the escalating West Asia conflict spikes energy prices and disrupts supplies, given its heavy dependence on crude and LNG imports from the region. It noted the country imports about 46 per cent of its oil and natural gas requirements from West Asia.

On the global front, Asian equity markets were trading mostly in green as China pledged substantial investment in high-tech sectors, benefiting artificial intelligence, chipmakers, and biotech firms. European equity markets were trading higher ahead of release of the euro area’s revised GDP data. 

The BSE Sensex is currently trading at 79385.54, down by 630.36 points or 0.79% after trading in a range of 79208.31 and 79753.03. There were 11 stocks advancing against 19 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 2.04%, Power up by 1.21%, Industrials up by 0.80%, Utilities up by 0.66% and Metal up by 0.51%, while Realty down by 1.37%, Bankex down by 1.33%, Auto down by 0.50%, Consumer Discretionary down by 0.47% and TECK down by 0.17% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 2.78%, Reliance Industries up by 1.89%, NTPC up by 1.55%, Sun Pharma Industries up by 0.97% and HCL Technologies up by 0.74%. On the flip side, ICICI Bank down by 3.05%, Eternal down by 2.41%, Axis Bank down by 1.89%, Bajaj Finserv down by 1.80% and HDFC Bank down by 1.80% were the top losers.

Meanwhile, US Deputy Secretary of State Christopher Landau has said that the United States (US) will work closely with India to ensure the country’s energy requirements are met in both the short and long term, amid fears over disruptions in crude oil flows following ongoing conflict in West Asia. He said the US is an energy-rich country and it can be part of India's energy solution.

He said the US endgame in West Asia will be to ensure a region that is not a threat to other parts of the world. He said ‘the Trump administration tried to talk sense into the Iranians, (but we) concluded this was not going to work. These are unsettled days right now but I think this part of the world has been quite unsettled for quite a long time’. He said the Iranian people should decide on their leadership, and the US, India and other countries should work together to foster a transition that will allow the region to reach a new normal. 

Talking on the proposed trade deal between India and the US, he said it is almost at the finish line now and can be the basis for unlocking almost limitless potential. Meanwhile, global oil and gas prices have surged after Iran has virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman, that handles roughly 20 per cent of global oil and Liquefied Natural Gas (LNG). India imports 88 per cent of its crude oil needs and roughly half of its natural gas requirement. These mostly come via the Strait of Hormuz.

The CNX Nifty is currently trading at 24583.10, down by 182.80 points or 0.74% after trading in a range of 24543.20 and 24700.90. There were 19 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were Bharat Electronics up by 2.76%, Reliance Industries up by 1.91%, NTPC up by 1.57%, Hindalco up by 0.98% and ONGC up by 0.90%. On the flip side, ICICI Bank down by 2.97%, Eternal down by 2.35%, HDFC Life Insurance down by 1.99%, Shriram Finance down by 1.83% and HDFC Bank down by 1.82% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 262.94 points or 0.47% to 55,541.00, Hang Seng advanced 423.66 points or 1.65% to 25,745.00, KOSPI increased 0.97 points or 0.02% to 5,584.87, Straits Times rose 7.98 points or 0.16% to 4,854.54 and Shanghai Composite strengthened 15.62 points or 0.38% to 4,124.19, while Taiwan Weighted lost 73.4 points or 0.22% to 33,599.54 and Jakarta Composite plunged 145.21 points or 1.92% to 7,565.33.

European equity markets were trading higher; UK’s FTSE 100 increased 26.44 points or 0.25% to 10,440.38, France’s CAC rose 12 points or 0.15% to 8,057.80 and Germany’s DAX gained 70.35 points or 0.29% to 23,886.10.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.