Nifty below 24,050, Sensex fall 252 pts amid geopolitical crisis

The domestic share market indices ended on a weaker note in a volatile session on Tuesday, as fresh escalations in the Iran-US war weighed on investors sentiment, a day after brief optimism around state elections results.At close, the Sensex was down 251.61 points or 0.33 percent at 77,017.79, and the Nifty was down 86.50 points or 0.36 percent at 24,032.80.
Mahindra & Mahindra, UltraTech Cement, Nestlé India, Bajaj Finserv, and Hindalco Industries were the top gainers on the Nifty, while losers included Jio Financial Services, ICICI Bank, Coal India, Tech Mahindra, and Eternal.On the sectoral front, auto, FMCG, power, pharma, and telecom indices edged higher by around 0.5% each, while the realty index declined 1.4%, consumer durable down 1% and the private banking index slipped 0.5%.The Nifty midcap and smallcap indices ended the session with marginal gains according to information.
Rupee Close:
On 5 May'26,the Indian rupee ended 21 paise lower to close at 95.29 against the US dollar on Tuesday as market sentiment remained weak amid continued pressure from elevated crude oil prices, a firm U.S. dollar and escalating military tensions between the US and Iran in the Gulf region.Experts noted that increased geopolitical uncertainty has prompted a move toward safety, with investors turning to the US dollar as their preferred safe-haven asset.
Trading Guide:
Market experts recommended  five shares to buy on Tuesday, 5 May: Cholamandalam Investment and Fin Co, NESCO, Shivalik Bimetal Controls, Shipping Corporation of India, and General Insurance Corporation of India.

(Business Correspondent)