Mazagon Dock Rises on ₹99,000 Crore Deal; Anthropic in Focus Over Pentagon Talks & More – Paper by Pocketful
Market Recap: 05th March, 2026
Stock News Highlights
Mazagon Dock Shipbuilders (+8.64%): Stock rose amid reports of a ₹99,000 crore defence deal to build six German submarines with ThyssenKrupp Marine Systems under Project 75(I) for the Indian Navy, boosting investor sentiment.
Ramky Infrastructure (+11.89%): Stock surged after securing a ₹1,401.84 crore EPC order from Maharashtra Industrial Township for Dighi Port Industrial Area under the Delhi–Mumbai Industrial Corridor.
Polycab India (+3.38%): Stock rose despite receiving a ₹327.5 crore tax demand order from the Deputy Commissioner of Income Tax, Mumbai, related to FY 2023–24 (AY 2024–25), as investors remained confident about the company’s fundamentals and potential legal response.
Gujarat Gas (-4.90%): Stock declined after the company issued Force Majeure notices to industrial customers due to R-LNG supply constraints amid the ongoing Middle East conflict.
Sectoral Performance
India Defence | Nifty India Defence (+2.55%): Nifty India Defence: Index gained amid Middle East tensions, value buying, and fresh order inflows, lifting Bharat Electronics, Mazagon Dock Shipbuilders, and Data Patterns shares.
Metal | Nifty Metal (+2.29%): Index advanced amid global uncertainty, as investors shifted towards metals as a defensive hedge. All constituents traded in green, indicating broad-based buying interest across the sector.
Infra | Nifty Infra (+2.21%): Nifty Infrastructure: Index gained 2.21%, led by Reliance Industries, Larsen & Toubro, and NTPC, as strong buying in infrastructure and capital goods stocks lifted the sector.
IT | Nifty IT (-0.59%): Index declined and emerged as the only losing sector, with 1 gainer and 9 losers, amid profit booking and cautious sentiment in technology stocks
Market Insights
Technical Level: Nifty opened with a gap-up, traded within a range throughout the session, and moved higher near closing, forming support at 24,530 and resistance at 24,850, closing about 80 points below resistance.
Advance-Decline Ratio: Maintained a positive bias, with 2,210 advancing stocks against 1,039 declining, sustaining broad-based market participation.
The Big Picture: Anthropic Shares in focus as the company resumed negotiations with the U.S. Department of Defense over military use of its Claude AI models after earlier talks collapsed amid security and surveillance concerns.
FII/DII Activity (Mar 4, 2026): DIIs bought ₹12,068 crore, while FIIs sold ₹8,752 crore, indicating strong domestic support offsetting foreign outflows.
Watch Out For Tomorrow
IPO Corner: SEDEMAC Mechatronics IPO closes tomorrow, drawing investor attention amid rising interest in the auto components segment.
Macro:USA Unemployment Rate (Feb) & Retail Sales MoM (Jan) are scheduled to be released Tomorrow.
Index Watch: Nifty opened with a gap-up, extending gains for the second consecutive session after the recent fall driven by uncertainty and war-related concerns. The market rebounded from the 24,340 level, which now acts as a key support. A break below this level could push Nifty towards 24,000. However, the outlook may remain positive if DIIs continue supportive buying in the market.
Word of the day
Retracement: A temporary price reversal within an overall trend, where the market pulls back after a strong move before potentially continuing in the original direction. It often reflects short-term profit booking.