Nifty 50 Today, March 5: Oil Shock, Record Rupee Low Extend Selloff

Nifty 50 Today, March 5: Oil Shock, Record Rupee Low Extend Selloff

Nifty 50 today stayed weak as Brent’s spike on Strait of Hormuz risks and a record-low rupee near ₹92.2 per dollar raised inflation and margin fears. Sensex today also traded soft, with volatility climbing and breadth negative. IT and exporters showed relative resilience, helped by a stronger dollar. Upstream oil could benefit while OMCs, autos, aviation, and paints face pressure from higher input costs. Until West Asia tensions ease and the rupee stabilises, traders may expect choppy ranges and quick sector rotations across Indian equities.

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