Updated on: Mar 05, 2026 1:00:38 PM IST
The National Stock Exchange building in Bandra Kurla Complex, Mumbai.
India’s stock market opened higher today on the back of an improvement in risk sentiment battered by an escalating Iran war in the Middle East. The 30-share BSE Sensex rose as much as 0.69%, or 550.27 points, to 79,666.46 even as the wider Nifty 50 gained 0.71% to 24,656.70 points. They had dropped about 4% each over the last three trading sessions. All 16 major sectors logged gains at the open. The broader small-caps and mid-caps rose about 0.7% each.
MSCI’s broadest index for Asia-Pacific stocks outside Japan rose 2.7% on Thursday, after sliding 8.6% over the past three sessions as the Middle East conflict rattled markets.
The rise followed overnight gains on Wall Street, after a report that Iran had signalled openness to talks to end the war and comments by President Donald Trump to steady oil markets eased investor anxiety over the conflict.
Crude oil prices jumped 2.8% to $83.7 per barrel, after ending little changed on Wednesday. Higher oil prices are typically negative for India, the world’s third-largest crude importer.
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MSCI’s broadest index for Asia-Pacific stocks outside Japan rose 2.7% on Thursday, after sliding 8.6% over the past three sessions as the Middle East conflict rattled markets.
The rise followed overnight gains on Wall Street, after a report that Iran had signalled openness to talks to end the war and comments by President Donald Trump to steady oil markets eased investor anxiety over the conflict.
Crude oil prices jumped 2.8% to $83.7 per barrel, after ending little changed on Wednesday. Higher oil prices are typically negative for India, the world’s third-largest crude importer.
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Mar 05, 2026 12:55:02 PM IST
Vodafone Idea shares surge after DoT move on licence fees
Shares of Vodafone Idea Ltd. (Vi) surged as much as 3.60% after CNBC TV-18 reported that the Department of Telecommunications (DoT) is completed a reassessment that would reduce licence fees by 60-65% upon completion. A review of the spectrum usages charges is due by 31 March 2026.
Mar 05, 2026 11:37:26 AM IST
Cera Sanitaryware warns on gas supply amid Iran war
Cera Sanitaryware Ltd. has reported a provisional 50% reduction in gas supply from Sabarmati Gas Ltd., effective 6 March 2026. The restriction stems from the Iran war, categorised as a force majeure event.
The disruption may cause a temporary, partial impact on production activities, but the company maintains a separate supply arrangement with GAIL (India) Ltd.
The management expects no material impact on business operations at this time, as current inventory levels are sufficient to continue dispatches as usual.
Mar 05, 2026 11:30:20 AM IST
Maersk halts cargo bookings for Gulf states
A.P. Moller – Maersk AS is temporarily suspending most cargo bookings in and out of the United Arab Emirates, Oman, Iraq, Kuwait, Qatar, Bahrain and Saudi Arabia until further notice.
The Jeddah and King Abdullah ports in Saudi Arabia and Salalah port in Oman remained operational while the shipping group is also still accepting cargo to and from Jordan and Lebanon.
Mar 05, 2026 11:27:29 AM IST
Hindustan Zinc signs MoU with Virginia Tech to boost silver recovery
Hindustan Zinc Ltd. has signed an MoU with Virginia Tech to advance research on silver recovery across its lead-zinc concentrators.
This collaboration with the US-based R1 institute focuses on optimising flotation methods and reagent regimes to enhance concentrate quality and process stability.
The partnership “represents an important step in strengthening our knowledge ecosystem and preparing our operations for the future”, Hindustan Zinc CEO Arun Misra said in an exchange filing. “By working with leading global institutions, we continue to build capabilities that will define the next generation of mining excellence.”
The partnership includes scientific studies on metallurgical factors and knowledge transfer through technical workshops for Hindustan Zinc’s teams.
Mar 05, 2026 10:11:38 AM IST
Rupee rebounds from all-time low as RBI sells dollars
Rupee recovered from its lowest level and gained 48 paise to trade at 91.57 against the US dollar in early trade on Thursday, tracking positive momentum in domestic equity markets.
However, higher crude oil prices, a strengthening dollar and intense selling by foreign investors amid the Iran war kept sentiment in check, according to forex analysts.
The rupee slumped 56 paise to close at its all-time low of 92.05 against dollar on Wednesday, after logging a steep loss of 41 paise on Monday. The forex market was closed on Tuesday on account of Holi.
