Stock Market Today March 6, 2026: Sensex, Nifty dive over 1% on boiling crude price

Core Viewpoint - The Indian stock market, represented by the Sensex and Nifty indices, experienced a significant decline due to escalating tensions in West Asia and rising crude oil prices, which negatively impacted market sentiment [1][7]. Market Performance - The 30-share BSE Sensex fell by 1,097 points, or 1.37%, closing at 78,918.90, with an intraday low of 78,812.18, down 1,203.72 points or 1.50% [4] - The 50-share NSE Nifty dropped 315.45 points, or 1.27%, ending at 24,450.45 [4] - Major laggards in the Sensex included Eternal, ICICI Bank, Axis Bank, UltraTech Cement, HDFC Bank, State Bank of India, Bajaj Finserv, and Larsen & Toubro [4] Sector Performance - Gainers in the market included Bharat Electronics, Reliance Industries, Sun Pharma, NTPC, Infosys, and HCL Tech [5] Oil Price Impact - Brent crude oil prices increased by 2.53% to USD 87.57 per barrel, contributing to the market's decline [5][8] - Rising oil prices are expected to negatively affect India's deficits, inflation, and the Reserve Bank of India's monetary policy [7][8] Investment Trends - Foreign Institutional Investors (FIIs) sold equities worth Rs 3,752.52 crore, while Domestic Institutional Investors (DIIs) purchased stocks worth Rs 5,153.37 crore [10] - The previous session saw a rebound in the Sensex, which rose by 899.71 points, or 1.14%, to settle at 80,015.90, breaking a four-day decline [10]