Indian Stock Market Turmoil: Overnight Developments Impact Nifty, Global Tensions, and Gold Prices

Market Outlook for March 5, 2026

Indian Stock Market

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Thursday, following a rally in global markets. The Sensex crashed 1,122.66 points, or 1.40%, to close at 79,116.19 on Wednesday, while the Nifty 50 settled 385.20 points, or 1.55%, lower at 24,480.50.

Global Market Cues

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Asian markets traded higher on Thursday, rebounding after several days of steep losses, following overnight gains on Wall Street. Japan's Nikkei 225 rallied 4% and the Topix gained 3.63%. South Korea's Kospi jumped over 12% and Kosdaq surged more than 11%.

US Stock Market

The US stock market ended higher on Wednesday, led by technology stocks. The Dow Jones Industrial Average gained 238.14 points, or 0.49%, to 48,739.41, while the S&P 500 rallied 52.87 points, or 0.78%, to 6,869.50.

Economic Indicators

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US private payrolls increased by the most in seven months in February, with private employment rising by 63,000 jobs last month. China set its economic growth target for 2026 at 4.5%-5%, a slight downgrade from the 5% pace achieved last year.

Currency and Commodities

The dollar halted its blistering rally, with the dollar index standing at 98.78 against a basket of currencies. Gold prices rose as the dollar declined, with spot gold price gaining 0.5% to $5,164.57 an ounce. Crude oil prices rose amid persistent worries about supplies, with Brent crude oil price jumping 2.38% to $83.34 a barrel.