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Nifty snaps 3-day losing streak on Thursday

05 Mar 2026 Evaluate

Snapping 3-day losing streak, Indian key benchmark -- Nifty settled with gains of over a percent on Thursday. Index made a gap-up start following firm cues from global peers, as investors overlooked overblown concerns about a prolonged escalation in conflict between Iran and Israel-US. Market continued its firm trade during morning deals as traders opted to buy fundamentally good stocks after previous session’s sell-off. Sentiments were further supported by Indian rupee appreciating 43 paise to 91.61 against the dollar at the Interbank Foreign Exchange on selling of the US currency by exporters and banks. In second half of the session, index extended its gains to touch its intraday high level amid private reports indicating that Iran made a conditional offer to US, and it ready to Abandon Nuclear Programme. Finally, Nifty ended the session above 24,750 mark.

Most of the sectorial indices ended in green led by Metal, Consumer Durables and Auto. The top gainers from the F&O segment were Mazagon Dock Shipbuilders, National Aluminium Company and Blue Star. On the other hand, the top losers were KPIT Technologies, Oil India and MphasiS. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

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