GIFT Nifty Opening Update
GIFT Nifty opened today at 24,626.00. It is down -147.00 points (-0.59%) from yesterday’s close of 24,796.50— so the trend is negative.
The Indian stock market showed signs of recovery in Thursday’s session on March 5, following three days of significant declines that wiped out billions in investor wealth, driven by worries that rising tensions in the Middle East might lead to increased inflation. In light of the persistent tensions involving the US and Israel, alongside Iran’s ongoing strain, the Nifty 50 saw an increase of 285 points, closing at 24,765. Meanwhile, the BSE Sensex demonstrated a robust rebound, rising by 1.14% to reach 80,015. The broader markets experienced a notable enhancement in sentiment, as both the Nifty Midcap 100 and Nifty Smallcap 100 recorded gains exceeding 1.4% by the end of the trading session.
“Indian equity markets concluded the session with a gain exceeding 1 per cent, successfully breaking a prolonged multi-day losing streak. As the conflict in the Middle East reaches its sixth day, the ambiguity surrounding potential resolution or further escalation has led to a cautious approach among market participants, culminating in a trading session characterized by consolidation. Nevertheless, the heightened volatility suggests that the markets are still reactive to geopolitical news,” stated Ponmudi R.
In light of the ongoing US-Iran conflict, attention is expected to be directed towards these stocks on Friday, March 6, 2026 —
Equities to Monitor:
- Jio Financial Services has allocated Rs 147.45 crore to its joint venture, Allianz Jio Reinsurance. In a stock exchange filing, the Reliance Group firm announced its subscription to 14.75 crore equity shares of Allianz Jio Reinsurance Ltd at par value, resulting in a total cash investment of Rs 147.45 crore.
- Bajaj Auto – KTM AG has fully settled its €450 million secured term loan to Bajaj Auto International Holdings BV, a wholly owned subsidiary of Bajaj Auto. The facility agreement was terminated on Thursday.
- Tata Consultancy Services announced that it is currently in advanced discussions regarding the establishment of more AI data centres within the country. In a stock exchange filing, the Tata Group firm announced its commitment to enhancing India’s artificial intelligence infrastructure, following its agreement with OpenAI to establish data centres with capacities ranging from 100 MW to 1 GW.
- Tata Elxsi has launched DevStudio.ai, a generative AI platform featuring multiple agents and aligned with ASPICE, designed to enhance the speed of automotive software engineering.
- Dr Reddy’s Lab announced that it has obtained the Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration for its formulations manufacturing facility located in Srikakulam, Andhra Pradesh.
- SBI Cards & Payment Services has declared an interim dividend of Rs 2.50 per equity share for the financial year 2025–26. The record date for determining shareholders eligible for the dividend has been established as March 11, 2026.
- Mazagon Dock Shipbuilders has provided clarification concerning reports linking the recent increase in its share price to a possible defence contract valued at Rs 99,000 crore.
- DCX Systems announced that it has obtained a purchase order valued at Rs 68.05 crore from Hindustan Aeronautics Limited (HAL).
- Zaggle Prepaid Ocean Services has announced a three-year agreement with Blue Star Ltd to provide its Zaggle Save employee expense management and benefits solution.
- Garden Reach Shipbuilders & Engineering has signed a memorandum of understanding (MoU) with Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge, to work together on the development and promotion of indigenous solutions for advanced naval systems and maritime technologies.