Weekly Update- 06 March 2026

NIFTY50

Nifty closed the week at 24,450, declining 728 points (-2.89%). The week began on a negative note with a sharp gap-down opening, driven by escalating US–Iran–Israel war tensions, which triggered broad-based selling pressure across the market. Although the index witnessed a bounce from lower levels on Thursday, most of the recovery was given up on Friday as selling resumed. Additionally, Brent crude prices crossing the $90 mark further intensified risk-off sentiment and weighed on equities. For the coming week, key support is placed around 24,000, while resistance lies near 24,800, with the overall view remaining cautious amid global uncertainties.

BANKNIFTY

Bank Nifty closed the week at 57,783, declining 2,746 points (-4.54%). The week began on a negative note with a sharp gap-down opening, driven by escalating US–Iran–Israel war tensions, which triggered broad-based selling pressure in the markets. The index underperformed the broader market during the week, largely due to weakness in PSU banks, which dragged the banking space lower. Although there was a brief bounce from lower levels on Thursday, most of the recovery was given up on Friday as selling pressure resumed. Rising Brent crude prices crossing the $90 mark also added to risk-off sentiment. For the coming week, key support is placed around 56,800, while resistance lies near 58,500, with the overall stance remaining cautious.

TOP GAINING SECTOR

NIFTY INDDEFENCE was top gainer sector for the week

Major gainers were:-

SOLARINDS:- up by 12.2%

MAZDOCK:- up by 11.1%

BDL:- up by 7.23%

BEL:- up by 5.34%

TOP LOSING SECTOR

NIFTY PSU BANKS was top losing sector for the week

Major losers were:-

BANKBARODA:- down by 8.26%

PNB:- down by 7.83%

CANBK:- down by 7.26%

SBIN:- down by 4.88%

IMPORTANT NEWS

• Indian stock markets experienced a significant downturn. The Sensex and Nifty saw sharp declines in the first four March sessions. This selloff wiped out substantial market capitalization. Key factors influencing market sentiment included the escalating US-Israel-Iran conflict, surging crude oil prices, foreign investor outflows, and disappointing US jobs data. Technical indicators also pointed to a bearish outlook for the markets.

• Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.

•  BlackRock said on Friday it has limited withdrawals from a flagship debt fund ​after a surge in redemption requests, as investor worries mount around the $2 trillion private credit industry.

• The Indian defence major Bharat Dynamics Ltd has surged from around ₹215 to ₹1355 per share in the last four years, delivering a more than 500% return to its shareholders. The BEL share price skyrocketed from ₹67 to ₹470 in the last four years, delivering over 600% return to its shareholders. Shares of Hindustan Aeronautics Ltd or HAL skyrocketed from ₹657 apiece to ₹4,030 per share, logging over 500% rise in the last four years.

• A new report by Equirus shows Indian women investors are moving from traditional low-risk strategies to diversified portfolios, emphasizing asset allocation and long-term goals. Their approach includes cautious adoption of AI for research, reflecting a growing maturity to disciplined investing.