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Trendlyne Marketwatch
05 Mar 2026
Market closes higher, buoyed by gains in metal, oil & gas, and pharma stocks
By Trendlyne Analysis

 

Nifty 50 closed at 24,765.90 (285.4, 1.2%), BSE Sensex closed at 80,015.90 (899.7, 1.1%) while the broader Nifty 500 closed at 22,697.80 (288, 1.3%). Market breadth is in the green. Of the 2,757 stocks traded today, 1,807 were in the positive territory and 913 were negative.

Markets closed in the green, buoyed by gains in metal, oil & gas, and pharma stocks. The Indian volatility index, Nifty VIX, fell 15.5% and closed at 17.9 points. Tata Steel highlighted its plans to invest Rs 11,000 crore in Jharkhand to develop advanced grade steel manufacturing facilities.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. S&P BSE Services and Nifty Capital Markets were among the top index gainers today. According to Trendlyne’s Sector dashboard, Transportation emerged as the best-performing sector of the day, with a rise of 3.2%.

Asian indices closed higher, while European indices are trading in the green. US index futures traded lower, indicating a cautious start to the trading session. Crude oil prices traded higher as the US sank an Iranian warship near Sri Lanka, highlighting the widening scope of the conflict beyond the Persian Gulf. Meanwhile, Qatar halted LNG production, and the effective closure of the Strait of Hormuz disrupted Asian and European gas markets as the Asian LNG price premium surged, diverting spot supplies toward Asian buyers.

  • Money flow index (MFI) indicates that stocks like Afcons Infrastructure, Sundram Fasteners and Aditya Birla Lifestyle Brands are in the oversold zone.

  • Bharat Forge is rising as North America’s Class 8 truck preliminary net orders in February reportedly rose 159% YoY to 47,200 units. The increase signals improving demand in the commercial vehicle cycle, a key export market for the company, which also reported strong profit and revenue growth in Q3FY26.

  • Mazagon Dock Shipbuilders is rising sharply as it reportedly secures an order worth Rs 99,000 crore from the Indian Navy to procure six German submarines from Thyssenkrupp Marine Systems. Mazagon will construct the submarines at its facility in Mumbai.

  • Emkay retains a 'Buy' call on Apollo Tyre, with a target price of Rs 600 per share. This indicates a potential upside of 37.4%. The brokerage believes that the company's healthy demand outlook, capacity additions, strong exports and restructuring in Europe will provide revenue and profitability growth. It expects the firm to deliver an EPS CAGR of 24% over FY26-28.

  • According to the Federation of Automobile Dealers Associations (FADA), India’s auto retail sector recorded its highest-ever February sales, with total vehicle retails reaching 2.4 million units, up 26% YoY. Passenger vehicle retails stood at 3,94,768 units, also rising 26%. Growth remained broad-based, with urban markets up 21% and rural markets surging 34%, signalling strong demand beyond metros.

  • Adani Total Gas sharply hikes prices for industrial clients following reduced gas availability caused by the Middle East conflict. The company attributes the increase to upstream gas curtailments and operational constraints affecting LNG supply routes. Gas usage exceeding 40% of the daily contract quantity is now priced at Rs 119 per standard cubic meter, up from Rs 40 previously.

  • MRPL reportedly declares force majeure on all planned gasoline export cargoes for March and April as the Middle East war is halting crude supply out of the Gulf. The company operates a refinery with a capacity of 500,000 barrels per day (bpd) in the state of Karnataka in southern India and exports about 40% of all fuel produced at the site.

  • Globus Spirits' board of directors appoints Shekhar Swarup as the Chief Executive Officer (CEO), effective March 5.

  • JM Financial expects Reliance Industries to gain near-term benefits from rising energy prices, driven by higher diesel refining margins and potential improvements in petrochemical spreads. The brokerage estimates that a $1 per barrel increase in Reliance’s gross refining margin could boost annual EBITDA by around Rs 45 billion and add roughly Rs 29 per share to the company’s valuation.

  • Mastek is rising as it secures a £85 million (around Rs 1,039 crore) contract from the UK Home Office’s Migration & Borders Technology Portfolio to scale the ATLAS platform.

  • Polycab India receives a tax demand order worth Rs 327.5 crore from the Income Tax (IT) Department, Mumbai, for the assessment year FY24-25. However, the management believes that the demand is higher due to computational or clerical errors.

  • Glenmark Pharmaceuticals is rising as it receives final approval from the US FDA for its Fluticasone Propionate Inhalation Aerosol USP. The drug is a therapeutic and bioequivalent of the reference listed drug (RLD), Flovent HFA Inhalation Aerosol. It is used to treat asthma and has an estimated annual sales of $520.1 million in January 2026, according to IQVIA.

  • Analysts highlight that Indian state-run oil marketing companies, including HPCL, BPCL, and IOCL, are incurring losses of Rs 20 per litre on petrol and diesel sales, driven by high Brent crude price and the weakening rupee against the dollar. While OMCs bear these losses, upstream companies such as ONGC benefit from higher crude prices.

  • Neogen Chemicals is rising as its board of directors schedules a meeting on March 7 to consider a fundraising proposal by issuing equity shares through a preferential issue.

  • Aarti Industries plans to invest Rs 200–250 crore over the next two years to set up a backward integration project at Dahej Special Economic Zone in Gujarat. The facility will manufacture a critical feedstock in-house that was previously outsourced.

  • Tata Steel is rising as it plans to invest Rs 11,000 crore in Jharkhand to develop advanced grade steel manufacturing facilities.

  • GAIL (India) says its long-term supplier, Petronet LNG, has issued a Force Majeure notice on March 3, 2026, under their gas sale and purchase agreement due to LNG vessel constraints linked to navigation restrictions in the Strait of Hormuz. Meanwhile, Petronet's supplier, Qatar Energy, also flagged a potential Force Majeure amid regional hostilities. As a result, LNG allocation to GAIL under the contract has been reduced to zero from March 4, 2026.

  • Omnitech Engineering's shares debut on the bourses at a 11% discount to the issue price of Rs 227. The Rs 583 crore IPO received bids for 1.1 times the total shares on offer.

  • Gujarat Gas is falling sharply as it issues force majeure notices to its clients in the Middle East, restricting the daily contracted quantity. The move comes due to supply constraints of regasified liquefied natural gas (R-LNG) amid the ongoing war.

  • BSE surges as it receives approval from the Securities and Exchange Board of India (SEBI) to launch derivative contracts for the BSE Sensex Next 30 index. The index tracks the next largest and most liquid companies in the BSE 100 Index that are part of the derivatives segment but are not constituents of the BSE Sensex. The expiry date for the contracts will be the last Thursday of the expiry period.

  • Cera Sanitaryware declines after Sabarmati Gas provisionally restricts gas supply by up to 50% of the Daily Contracted Quantity (DCQ) effective March 6, 2026, until further notice. The disruption may temporarily and partially affect production, as the company also has a gas supply arrangement with GAIL (India).

  • HDFC Mutual Fund sells 43 lakh shares in Sundram Fasteners worth Rs 357.7 crore through a bulk deal. The mutual fund sells 22.5 lakh shares at an average price of Rs 832.4 and 20.5 lakh shares at an average price of Rs 832 per share.

  • Indian Energy Exchange is rising as its traded electricity volume grows 30.4% YoY to 12,550 million units (MU) in February, led by higher energy consumption. IEX Green Market achieves a volume growth of 46.3% to 808 MU.

  • Ramky Infrastructure surges as it secures an order worth Rs 1,401.8 crore from Maharashtra Industrial Township (MITL) to design, construct, test, commission, operate, and maintain infrastructure works at the Dighi Port Industrial Area Phase I under the Delhi Mumbai Industrial Corridor.

  • Hindustan Unilever sells its entire 19.8% stake in Nutritionalab to USV for a total consideration of Rs 307 crore.

  • Nifty 50 was trading at 24,605.30 (124.8, 0.5%), BSE Sensex was trading at 79,530.48 (414.3, 0.5%), while the broader Nifty 500 was trading at 22,567.25 (157.5, 0.7%).

  • Market breadth is surging up. Of the 2,175 stocks traded today, 1,785 were in the positive territory and 311 were negative.

Riding High:

Largecap and midcap gainers today include Mazagon Dock Shipbuilders Ltd. (2,352.50, 8.6%), JSW Infrastructure Ltd. (261.45, 6.0%) and Petronet LNG Ltd. (293.05, 4.7%).

Downers:

Largecap and midcap losers today include Oil India Ltd. (479.10, -2.6%), Siemens Energy India Ltd. (2,868.80, -2.5%) and Coromandel International Ltd. (2,063.50, -2.1%).

Movers and Shakers

14 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included LT Foods Ltd. (430.15, 17.0%), Mazagon Dock Shipbuilders Ltd. (2,352.50, 8.6%) and National Aluminium Company Ltd. (395.95, 6.0%).

Top high volume losers on BSE were Aegis Vopak Terminals Ltd. (188.80, -5.2%) and Metropolis Healthcare Ltd. (1,794, -2.8%).

EIH Ltd. (326.35, 4.6%) was trading at 20.6 times of weekly average. Tata Investment Corporation Ltd. (658.05, 5.2%) and Garden Reach Shipbuilders & Engineers Ltd. (2,409.10, 4.1%) were trading with volumes 7.9 and 5.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks overperformed with 52 week highs, while 32 stocks hit their 52 week lows.

Stocks touching their year highs included - Bharat Electronics Ltd. (460, 2.9%), Great Eastern Shipping Company Ltd. (1,389.40, 2.6%) and Lupin Ltd. (2,332.90, 1.2%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,523.60, -0.4%) and Ambuja Cements Ltd. (480, 0.8%).

14 stocks climbed above their 200 day SMA including LT Foods Ltd. (430.15, 17.0%) and Petronet LNG Ltd. (293.05, 4.7%). 9 stocks slipped below their 200 SMA including Manappuram Finance Ltd. (267.30, -0.7%) and ICICI Prudential Life Insurance Company Ltd. (625.05, -0.1%).

 
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