Indian Stock Markets Snap Losing Streak; Sensex Jumps 400+ Points on Global Recovery

Mumbai, March 5: The Indian equity benchmarks, the BSE Sensex and NSE Nifty 50, broke a four-day losing streak on Thursday, March 5, 2026, staging a strong recovery in early trade. The rebound followed a surge in global markets and a temporary cooling of crude oil prices, providing much-needed relief to domestic investors who had seen the indices hit multi-month lows earlier this week.

The key indices showed a decisive upward trend. The BSE Sensex was trading at 79,553.94, up 437.75 points (0.55%), while the NSE Nifty 50 reclaimed the 24,600 mark, trading at 24,635, up 154 points (0.50%). The broader market outperformed the benchmarks, with the Nifty Midcap 100 and Nifty Smallcap 100 rising over 1.1% each, signaling a return of value hunters following three sessions of heavy selling.

The morning’s rally is largely attributed to a combination of favorable global cues and technical “oversold” conditions. Wall Street closed higher overnight after strong US services sector data, and this sentiment spilled into Asia, where South Korea’s Kospi saw a staggering recovery of nearly 12% after a previous crash. Additionally, while the Middle East conflict remains a concern, reports of potential negotiations between the US and Iran led to a slight dip in Brent crude prices. Domestic Institutional Investors (DIIs) also stepped in as a cushion, buying over ₹12,000 crore to stabilize the slide, even as Foreign Institutional Investors (FPIs) remained net sellers.

The recovery was broad-based, with heavyweights like Reliance Industries, Larsen & Toubro, and Bajaj Finance providing the most significant boost to the Nifty 50. In the metal space, Hindalco and Tata Steel saw buying interest. However, the Nifty IT index was a notable outlier, trading nearly 1% lower as majors like TCS and Infosys faced pressure following the US market’s shift in tech valuation. Gujarat Gas shares also fell over 6% after the company issued force majeure notices due to LNG supply disruptions.

Market analysts remain cautiously optimistic but warn of continued volatility. While the world is seeing a temporary sigh of relief, the near-term outlook for India remains sensitive to geopolitical developments. Analysts suggest that the 24,800 level remains a critical resistance for the Nifty; until that is reclaimed, the market may see a continued tug-of-war between domestic buyers and foreign sellers.