Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, posted their best session in over a month as risk appetite got a boost on signs of resolving tension between the US and Iran.
At the closing bell, the BSE Sensex closed higher by 900 points (up 1.4%)
Meanwhile, the NSE Nifty closed 285 points higher (up 1.2%)
Tech Mahindra, ICICI Bank, and TCS are among the top gainers today.
Adani Ports, Bharat Elec, and NTPC, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,796, higher by 159 points at the time of writing.
The BSE MidCap index ended 1.5% lower, and the BSE SmallCap index ended 2.1% lower.
Baring IT sector, all other sectoral indices are trading positively today, with stocks in the metal sector and the power sector witnessing buying.
The rupee is trading at Rs 91.57 against the US$.
Gold prices for the latest contract on MCX are trading 0.1% lower at Rs 161,385 per gram.
Meanwhile, silver prices were trading 0.1% higher at 2,65,750 per 1 kg.
Four reasons why Indian share markets are falling:
#1 De-escalation Reports
Markets rebounded sharply on hopes that tensions between Iran and the United States-Israel alliance may ease. According to media reports, Iranian officials may have indirectly reached out to the Central Intelligence Agency for possible talks after recent military developments.
#2 Positive Global Markets
Global markets also recovered after the heavy selloff earlier. Investors turned optimistic as hopes grew that tensions in the oil-rich Middle East could cool down. South Korea's Kospi jumped about 9%, while Japan's Nikkei 225 rose nearly 2%. Hong Kong's Hang Seng Index and China's Shanghai Composite also gained around 1%.In the US, the Nasdaq Composite rose more than 1%, while the S&P 500 ended the session nearly 1% higher.
#3 Oil Reassurances
Oil prices remain high because tanker movement has been disrupted in the Strait of Hormuz. However, reassurances from the US helped improve investor sentiment.
US President Donald Trump said the US International Development Finance Corporation will provide insurance and financial support for ships trading in the Gulf. The US President also added that the United States Navy may escort oil tankers if needed. Over 20% of the world's oil supply passes through this route.
#4 Rupee Rises
The Indian Rupee gained 0.63% to 91.57 per US dollar after hitting a record low of 92.16 the previous day. Despite heavy selling by Foreign Institutional Investors worth 87.53 billion (bn), domestic investors bought stocks worth Rs 120.68 bn, supporting the market.
HUL Sells Stake in Wellbeing Nutrition
In the news from the FMCG sector, shares of HUL came into focus after the company had completed the sale of its entire 19.8% stake in Nutritionalab (Wellbeing Nutrition) for approximately Rs 3.07 billion (bn).
In a regulatory filing, the company informed the exchanges that it has completed the sale of its entire stake in Nutritionalab, as mentioned earlier in its 12 February 2026 update. The divestment was carried out according to the agreed transaction terms between the parties.
In another update last month, HUL said its board had approved the purchase of the remaining 49% stake in Zywie Ventures Private Limited for Rs 8.24 bn under a pre-agreed valuation. After the deal is completed, OZiva will become a wholly owned subsidiary of the company. HUL expects both transactions to be completed by next month.
BSE Jumps as Capital Market Regulator Approves Derivatives
BSE shares rose 2% on March 5 after the stock exchange received approval from the capital market regulator, the Securities and Exchange Board of India, to introduce derivative contracts for the BSE Sensex Next 30 index.
The BSE Sensex Next 30 tracks the next 30 large and liquid companies in the BSE 100 that are eligible for derivatives but are not part of the BSE Sensex.
In a regulatory filing released after market hours on Wednesday, BSE Ltd said it plans to introduce cash-settled monthly index futures and monthly index options for this index.
These contracts will expire on the last Thursday of the expiry month. However, the exchange has not yet announced the launch date for these futures and options contracts.
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