Indian Stock Market Rebounds on March 5 Amid Ongoing Middle East Tensions

The Indian stock market experienced a significant rebound on Thursday, March 5, after three consecutive days of steep losses that had erased ₹billions in investor wealth. Despite the ongoing conflict between the US and Israel, with Iran remaining tense, the Nifty 50 ended 285 points higher at 24,765, while the BSE Sensex staged a strong recovery, climbing 1.14% to 80,015.

Market Analysis

The rebound was driven by a sharp improvement in sentiment across broader markets, with the Nifty Midcap 100 and Nifty Smallcap 100 each gaining more than 1.4% by the close. The recovery was largely driven by a consolidation-driven trading session, as market participants remained cautious due to uncertainty over the Middle East conflict.

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Key Market Movers

Stocks to Watch

Several stocks are likely to remain in focus on Friday, March 6, 2026, amid the backdrop of the US-Iran war.

Jio Financial Services

Jio Financial Services invested ₹147.45 crore in its joint venture, Allianz Jio Reinsurance.

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Bajaj Auto

Bajaj Auto has completely repaid its €450 million secured term loan to Bajaj Auto International Holdings BV.

Tata Consultancy Services

Tata Consultancy Services is in advanced discussions to set up additional AI data centres in the country.

Tata Elxsi

Tata Elxsi has introduced DevStudio.ai, a multi-agent, ASPICE-aligned generative AI platform aimed at accelerating automotive software engineering.

Dr Reddy's Lab

Dr Reddy's Lab has received the Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration for its formulations manufacturing facility in Srikakulam, Andhra Pradesh.

SBI Cards & Payments

SBI Cards and Payment Services announced an interim dividend of ₹2.50 per equity share for the financial year 2025–26.

Mazagon Dock Shipbuilders

Mazagon Dock Shipbuilders has issued a clarification regarding reports that attributed the recent surge in its share price to a potential defence contract worth ₹99,000 crore.

DCX Systems

DCX Systems has secured a purchase order worth ₹68.05 crore from Hindustan Aeronautics Limited (HAL).

Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services has signed a three-year agreement with Blue Star Ltd to offer its Zaggle Save employee expense management and benefits solution.

Garden Reach Shipbuilders & Engineering

Garden Reach Shipbuilders & Engineering has entered into a memorandum of understanding (MoU) with Bharat Forge’s subsidiary, Kalyani Strategic Systems Limited (KSSL), to collaborate on the development and promotion of indigenous solutions for advanced naval systems and maritime technologies.