Stock markets rebound in early trade tracking rally in global peers
The Hindu
Stock markets rebound as Sensex and Nifty rise, tracking global rally amid rising Brent crude prices and investor activity.
Stock market benchmark indices Sensex and Nifty bounced back in early trade on Thursday (March 5, 2026), tracking a rebound in global equities, after facing heavy losses in the past few trading sessions due to the conflict in West Asia.
The 30-share BSE Sensex jumped 550.27 points to 79,666.46 in early trade. The 50-share NSE Nifty climbed 171.45 points to 24,651.95.
From the Sensex pack, Adani Ports, Reliance Industries, NTPC, Bharat Electronics, Tata Steel and Larsen & Toubro were among the major gainers.
HCL Tech, Tech Mahindra, ICICI Bank and Asian Paints were among the laggards.
Brent crude, the global oil benchmark, jumped 2.86% to $83.73 per barrel.
In Asian markets, South Korea's Kospi rebounded sharply and jumped 10%. Japan's Nikkei 225, Shanghai's SSE Composite index and Hong Kong's Hang Seng index were also quoting higher.
The head of Alibaba Group’s Qwen artificial intelligence model division, Lin Junyang, said on Wednesday he would be stepping down from his role
India's services sector growth slowed in February amid rising costs and competition, despite a boost from international sales.
Sensex and Nifty plunge over 2% as West Asia crisis escalates, impacting investor sentiment and driving oil prices higher.
RBI fines BDCC Bank ₹2 lakh for violating loan disbursal norms, highlighting compliance issues over several years.
OpenAI is developing a new code-hosting platform to rival Microsoft’s GitHub, The Information reported on Tuesday, citing a person with knowledge of the project.
Indian Overseas Bank challenges ₹766 crore tax demand notice from the Income Tax Department related to AY 2015-16.
Escorts Kubota on Tuesday rolled out a tractor developed for the paddy-growing regions as the agriculture machinery and construction equipment maker sharpens focus on south India on its way to become a pan-India player.
The rise in oil prices is expected to increase current account deficit (CAD) of major crude-importing Asian economies, which include India, according to an initial expert commentary.
India has 25 days of crude oil reserves and 25 days each of petrol, diesel stock: Government sources
India has ample crude oil and fuel reserves for 25 days each, ensuring 50 days of overall sufficiency amidst global tensions.
Tata Group Chairman expresses hope that West Asia conflict won't disrupt supply chains, prioritizing employee safety amid geopolitical uncertainties.
PM Modi calls for increased investment and prioritization of research in manufacturing to leverage new free trade opportunities for India.
Elon Musk’s social media platform X and artificial intelligence startup xAI plan to repay in full about $17.5 billion in debt tied to the companies, Bloomberg News reported
BMI warns that the ongoing West Asia conflict may deter investment in India, impacting GDP despite positive trade deal prospects.