- 🇮🇳 Indian Market: Dalal Street surged sharply in the final trading hour 📈 after reports hinted at a possible resolution to the US-Iran conflict. The rally was triggered by a report that Iran may abandon its nuclear program if the US offers a satisfactory deal 🤝. However, the momentum cooled slightly later. Meanwhile, easing geopolitical worries also supported the Indian rupee 💰, helping it recover from recent pressure caused by rising crude oil concerns.
- 📊 Market Breadth: On the NSE, 2002 stocks ended in the green, while 951 stocks closed in the red.
- 🌍 Global Market: US stocks closed higher on Wednesday 📈 after reports suggested Iran is open to talks, while Trump promised steps to stabilize oil markets, easing investor concerns over the Middle East conflict 🤝.
- The positive sentiment lifted Asian markets, with South Korea’s KOSPI surging over 8%. However, oil prices still rose 🛢 as worries persisted over the prolonged closure of the Strait of Hormuz.
Market Update 📰:5-3-2026
🔖Tags:
elss fundzworld mutualualfunds sip stp swp tax