Ganesh Komma covers the Indian market on March 5, 2026: Nifty up 1.1% in a relief rally despite global tensions. LT Foods jumped 17% on institutional buying and Mazagon Dock rose 9% after a defense deal. The key level to watch is Nifty 25,000 resistance.
Market update for 5th March 2026. Markets staged a relief rally despite ongoing global tensions. And if you look at the overall market, while panic is still visible near 24,500, you need to remember Nifty was at 21,700 just 10 months ago during the tariff scare. Recency bias is amplifying fear, but risks from the current levels still remain intact. And let's go ahead to index performance. Nifty is up by 1.1%, Nifty 50 Junior, right, Nifty Junior is up by 1.3%, mid-cap by 1.5%, small cap is up by 1.4%, and even Bank Nifty moved up by around 0.5%. It's a broad-based bounce. We have observed banks slightly underperform than your overall sectors. Looking at the commodities, yes, gold is down by 0.17%. Silver, we have seen an increase to 0.22%, it is up, and metals largely remained flat. And if you look at the individual stocks, stock highlights, Reliance led the rally. L&T surged by around 4%. NTPC, Hindalco, Mahindra Mahindra, Shriram Finance have gained, and Adani Ports, ICICI Bank, and HCL Technologies slightly declined. LT Foods jumped by 17% because of some good institutional buying has happened, and even Mazagon Dock Shipbuilding has increased by around 9% because of a defense deal. Now the key takeaways in this market, relief rally amid negative sentiment. So we can't call this as an uptrend yet. It is just a relief rally. Sentiments are slightly improving, but still volatility is persisting. Stay balanced and disciplined. And today is a very, very important day to watch out because if the Nifty moves above 25,000 levels, which is a key resistance for the market, Anything above 25,000 looks very, very interesting, and we can see some of the bulls coming back to the market, right? So 25,000 is a very, very important support level for Nifty 50. So do let me know in the comment section what are your key takeaways and any stocks or any sectors which you have focused and which are there in your watch list. If you have added them in this opportunity, do let me know in the comment section.
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