Sensex falls 1,097 pts, Nifty at 24,450 amid rising crude oil prices

The domestic share market traded lower in a volatile session on Friday, amid selling pressure across the sectors, especially in financial and realty stocks.At close, the Sensex was down 1,097 points or 1.37 percent at 78,918.90, and the Nifty was down 315.45 points or 1.27 percent at 24,450.45. About 1813 shares advanced, 2217 shares declined, and 169 shares unchanged.

#Indianmarkets slide amid weak global cues and rising US-Iran tensions; Sensex, Nifty hit day’s low as private banks drag, while IT stocks offer limited support. pic.twitter.com/fuLH8M13j7

— newsinc24 (@newsinc24) March 6, 2026

Persistent geopolitical tensions due to the ongoing US-Iran conflict pushed oil prices higher, weighing on market sentiment. The benchmarks opened lower and traded in a narrow range throughout the session before closing near the day's low.
Bharat Electronics, Reliance Industries, NTPC, ONGC, and Sun Pharma were the top gainers on the Nifty, while losers included,ICICI Bank, Eternal, Shriram Finance, Axis Bank, and UltraTech Cement.On the sectoral front,sectoral indices ended on a mixed note. Auto, realty, PSU Bank, and private bank indices declined 1-2 percent. On the other hand, the defence index surged nearly 3 percent, while Capital Goods index rose 1.3 percent and Power index gained 0.4 percent, according to information.Nifty Midcap index fell 0.7 percent, and Smallcap index shed 0.2 percent.
Rupee Close:
On 6 Mar'26,the Indian stayed range-bound throughout the session on Friday and ended 6 paise lower at 91.74  against the US dollar, resisting pressure from inflated crude oil prices and suspected RBI intervention.According to forex experts, heavy selling in domestic equities and withdrawal of foreign funds further dragged the rupee down.However, they said the depreciation was capped following the US administration's decision to allow Indian refiners to purchase Russian oil for 30 days, a move to ease pressure on global energy flows amid the ongoing war in West Asia.
Trading Guide:
Market experts recommended five shares to buy on Friday-Power Finance Corporation, Jammu and Kashmir Bank, Sarda Energy & Minerals, Bandhan Bank, and Hindalco Industries.

(Business Correspondent)