Finance
Stock Market Highlights on Friday, March 6, 2026: Indian benchmark market indices extended losses in the second half, closing significantly lower as Brent crude surged to a more than one-year high amid escalating US-Iran tensions.
According to Bloomberg, shipping activity in the Strait of Hormuz have come to a near standstill as the US-Iran confrontation continues. This fueled supply disruption fears, pushing Brent crude above $87 a barrel during the European trading session.
The Nifty50 closed 1.27 percent, or 315.45 points, lower at 24,450.45, while the Sensex closed 1.37 percent, or 1,097 points worse, at 78,918.90. The Sensex had its worst weekly dip since December 2024, while the Nifty50 had its worst weekly drop since February 2025.
The Nifty India Volatility Index closed 11.32% higher at 19.88.
The Nifty MidCap and Nifty SmallCap indices closed 0.69 and 0.24 percent lower, respectively.
Sector-wise, the Nifty Private Bank index was the worst-performing index, falling 2.27 percent. Other top-losing sectors included Nifty Bank and Nifty Financial Services.
Meanwhile, the Nifty IT outperformed sectoral indices with marginal gains.
Source: BS
