Indian Stock Markets Rise in Early Trading Amid Positive Asian Trends
Synopsis
Indian equity markets are showing a positive trend in early trading on Thursday, supported by favorable movements in Asian markets, despite ongoing geopolitical tensions in the Middle East. Investors are closely monitoring sector performance and market dynamics.
Key Takeaways
Sensex rose by 246 points .
Nifty increased by 84 points .
Most sectoral indices are performing well.
Rupee regained value to 91.66 against the US dollar.
Positive trends continue in Asian markets.
Mumbai, March 5 (NationPress) The Indian stock markets saw a moderate increase during the early hours of trading on Thursday, buoyed by positive movements in Asian markets despite escalating tensions in the Middle East.
By 9:30 am, the Sensex rose by 246 points, or 0.31 percent, reaching 79,362, while the Nifty climbed 84 points, or 0.35 percent, to settle at 24,565.
The major broad-cap indices mirrored the performance of the benchmark indices, with the Nifty Midcap 100 increasing by 1.02 percent, and the Nifty Smallcap 100 gaining 1.11 percent.
All sectoral indices traded in positive territory except for FMCG and IT, which fell by 0.13 percent and 0.32 percent, respectively. The Nifty metal and oil and gas sectors led the gains, rising by 1.23 percent and 1.43 percent.
In the previous trading session, the Indian benchmark indices closed in the red as the intensifying conflict in the Middle East affected investor sentiment.
WTI crude oil for April Futures surged by 3.36 percent intraday, continuing a three-day upward trend as potential exports from Iraq and Kuwait may face disruptions if the Strait of Hormuz remains closed.
The Indian rupee depreciated by 69 paise to 92.18 against the US dollar in the last session but has recovered to 91.66 due to a sharp increase in crude oil prices.
The immediate resistance level for the Nifty is identified between 24,600 and 24,650, while support is noted in the 24,300–24,350 range.
For Bank Nifty, resistance is projected in the 59,000–59,100 range, with crucial support found between 58,400–58,500, according to market analysts.
In the broader Asian markets, China's Shanghai index rose by 0.84 percent, and Shenzhen increased by 1.67 percent. Japan's Nikkei gained 1.84 percent, while Hong Kong's Hang Seng Index climbed by 1.13 percent. South Korea's Kospi saw a notable increase of 9.69 percent.
US markets also ended on a positive note overnight, with Nasdaq up by 1.29 percent. The S&P 500 increased by 0.78 percent, and the Dow Jones added 0.49 percent.
On March 4, foreign institutional investors (FIIs) sold equities worth Rs 8,752 crore while domestic institutional investors (DIIs) purchased equities worth Rs 12,068 crore.
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Point of View
It is evident that early gains reflect resilience amidst geopolitical challenges. The performance of major indices and sectoral movements will be crucial for investors navigating these turbulent waters. Staying informed and responsive to market changes is essential for strategic investment decisions.
NationPress
6 May 2026
Frequently Asked Questions
Why did the Indian stock markets rise today?
The Indian stock markets rose due to positive cues from Asian markets despite tensions in the Middle East, with major indices gaining ground.
What is the current status of the Sensex and Nifty?
As of early trading, the Sensex is up by 246 points to 79,362, while the Nifty has increased by 84 points to 24,565.
Which sectors are performing well today?
Most sectoral indices are in the green, with Nifty metal and oil and gas leading the gains.
What happened to the Indian rupee?
The Indian rupee initially slumped but has regained some value, currently trading at 91.66 against the US dollar.
What is the outlook for the Nifty?
The immediate resistance for Nifty is between 24,600 and 24,650, with support noted in the 24,300–24,350 range.
