Prime End of the Day Summary: View on Market Performance 05 March 2026

Nifty Rebounds Nearly 300 Points on Strong Global cues

After three days of heavy selling, Nifty halted its slide with a 285-point recovery, settling at 24,765. The index opened 135 points higher on back of strong global cues and traded in a tight 140-point range with a positive bias until noon. Post-2:30 PM, it unleashed a sharp 325-point rally from mid-session low to an intraday high of 24,854, before closing on a firm footing.

Adani Ports, Hindalco, and Larsen & Toubro topped Nifty gainers. On the other hand, Tech Mahindra, ICICI Bank, and HCL Tech bucked the trend, ending in the red as Nifty’s top losers.

Except for Nifty IT, every sectoral index finished in positive territory, with Metals, Consumer Durables, and Auto gaining most.

Midcaps and smallcaps mirrored the benchmark’s pull back rally, with the Nifty Midcap 100 and Nifty Smallcap 100 gaining 1.52% and 1.58%, respectively. Market breadth flipped positive after three down days, as BSE’s advance-decline ratio hit 1.94.

Indian Rupee reclaimed most of Wednesday’s losses, appreciating by 55 paise. This recovery was supported by suspected central bank intervention and a recovery in risk assets. Rupee also benefited from a pullback in the US dollar and energy prices.

Nifty formed a “Morning Star” candlestick pattern, hinting at a potential bullish reversal, provided it decisively breaks above 24,854 tomorrow. However, lingering below the 5, 10, and 20 DEMA will make any bull comeback challenging. Short-term support now rests at the recent swing low of 24,305, while 24,990- 25150 zone stands as the resistance band