Taking Stock: Bears back in action; Sensex tumbles 1,097 pts, Nifty slips to 24,450
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For the week, BSE Sensex and Nifty fell nearly 3 percent each.
- Sensex and Nifty fell over 1 percent amid broad sector sell-off
- US-Iran tensions drive oil prices up, impacting market sentiment
- Defence index surged 3 percent, while banks and realty declined
Indian benchmark indices failed to sustain the previous session’s momentum and slipped more than 1 percent on March 6, with the Nifty settling below 25,500 amid selling pressure across the sectors especially in financial and realty stocks.
Persistent geopolitical tensions due to the ongoing US-Iran conflict pushed oil prices higher, weighing on market sentiment. The benchmarks opened lower and traded in a narrow range throughout the session before closing near the day’s low.
At close, the Sensex was down 1,097 points or 1.37 percent at 78,918.90, and the Nifty was down 315.45 points or 1.27 percent at 24,450.45.
Broader indices outperformed with Nifty Midcap index falling 0.7 percent, and Smallcap index down 0.2 percent.
For the week, BSE Sensex and Nifty fell nearly 3 percent each.
Also Read – India orders IOC, BPCL and HPCL to prioritise LPG production from propane and butane
Among Nifty constituents, ICICI Bank, Eternal, Shriram Finance, Axis Bank, and UltraTech Cement were the top losers, while Bharat Electronics, Reliance Industries, NTPC, ONGC, and Sun Pharma emerged as the key gainers.
Sectoral indices ended on a mixed note. Auto, realty, PSU Bank, and private bank indices declined 1-2 percent. On the other hand, the defence index surged nearly 3 percent, while Capital Goods index rose 1.3 percent and Power index gained 0.4 percent.
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 78,918.90 | -1,097.00 | -1.37% |
| Nifty 50 | 24,450.45 | -315.45 | -1.27% |
| Nifty Bank | 57,783.25 | -1,272.60 | -2.15% |
Nifty 50 24,450.45 -315.45 (-1.27%)
Fri, Mar 06, 2026
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Bharat Elec | 468.45 | 8.45 | +1.84% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| ICICI Bank | 1,313.40 | -44.20 | -3.26% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Energy | 36319.60 | 45.75 | +0.13% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Bank | 57783.25 | -1272.60 | -2.15% |
Also Read – India Gold ETF inflows slow to $565 million in February
In stock specific, Rajesh Power share price rose 1.5% on signing agreement with Gujarat Urja Vikas Nigam, ICICI Bank shares fell 3% on 1.02 million shares traded in a block, DCX Systems added 9% on winning purchase order of Rs 68 crore.
Reliance Industries shares rose 1% on 30-day waiver from US to purchase Russian oil, Fractal Analytics shares jumped 5% after consolidated profit rises 10%, Standard Engineering share price rose 3.5% on agreement with API Pharma, Garden Reach share price gained 5% on MoU with Kalyani Strategic Systems.
More than 250 stocks touched their 52-week low, including Cohance Lifesciences , Sonata Software, Procter and Gamble Hygiene and Health Care, Berger Paints, Alkyl Amines, Cyient, among others.
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