West Asia conflict – Stock market benchmark indices Sensex and Nifty fell more than 1% on Friday (March 6, 2026) after a day’s respite as the conflict in West Asia entered its seventh day, pushing up crude oil prices. Weakness in US equities, subdued trend in European markets and continued foreign fund outflows also weighed on sentiments. The 30-share BSE Sensex fell 1,097 points or 1.

37% to close at 78,918. 90.

During the day, it fell 1,203. 72 points or 1. 50% to 78,812.

18. The 50-share NSE Nifty fell 315. 45 points or 1.

27% to 24,450. 45.

From the Sensex pack, Eternal, ICICI Bank, Axis Bank, UltraTech Cement, HDFC Bank, State Bank of India, Bajaj Finserv and Larsen & Toubro were major laggards. Bharat Electronics, Reliance Industries, Sun Pharma, NTPC, Infosys and HCL Tech were among the gainers.

Global oil benchmark Brent crude jumped 2. 53% to $87.

57 a barrel. Vinod Nair, Head of Research, Geojit Investments Ltd, said, “Indian equity markets continued to fall after the previous session’s relief rally as rising US-Iran tensions disrupted key West Asian oil and gas supplies, pushing up crude oil prices.

A sustained rise in oil prices could weigh on investor sentiment and adversely impact India’s twin deficit, inflation trajectory and RBI’s monetary stance. ” In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng Index closed higher.

Markets in Europe were trading in negative territory. American markets closed with a decline on Thursday.

According to exchange data, foreign institutional investors (FIIs) sold equities worth ₹3,752. 52 crore on Thursday (March 5, 2026), while domestic institutional investors (DIIs) bought stocks worth ₹5,153.

37 crore. On Thursday (March 5, 2026), the Sensex jumped 899. 71 points or 1.

14% to close at 80,015. 90, halting its four-day losing streak. Nifty closed 285.

40 points or 1. 17% higher at 24,765. 90, ending its three-day losing streak.