Indian stock markets faced significant selling pressure on March 6 , with the Sensex dropping 1,105 points to 78,909 and Nifty sliding 321 points to 24,444. Banking and financial services stocks led the decline, with Nifty Bank index falling 1.29% to 58,315, a critical support level. However, energy stocks provided some resilience amid broader market weakness. The Nifty Financial Services index declined 1.42%, reflecting continued pressure on private sector lenders. On the positive side, crude oil futures surged on a US waiver allowing India a 30-day window to purchase Russian oil, while Mazagon Dock stocks jumped 5% following a 99,000 crore submarine deal announcement. The rupee gained 2 paise against the US dollar. Market breadth showed 1,833 stocks advancing against 2,355 declining on the BSE.
