Reliance leads partial rebound in Indian shares after 3-day selloff

HindalCo Industries

05/03/2026 07:04

** Nifty .NSEI, Sensex .BSESN rise ~0.7% each, led by Reliance Industries RELI.NS and tracking recovery in broader Asian shares

** Both benchmarks lost ~4% in three sessions since Friday

** Risk appetite improves marginally after Mideast war triggered global rout

** Analysts call day's moves technical rebound rather than trend reversal, with escalating U.S.–Iran tensions still an overhang

** Of 16 major sectors, 11 advance; small-caps .NIFSMCP100, mid-caps .NIFMDCP100 add ~0.8% each

** Heavyweight Reliance climbs 3% after losing 4.5% in last three sessions

** JM Financial calls RELI's recent correction "overdone," arguing it may not be adversely affected by higher crude, LNG prices as the recent dip signals

** Brent crude jumps 2% to $82.9 a barrel on Mideast disruption fears O/R

** Hindalco HALC.NS gains 5.5% as aluminium surges after Aluminium Bahrain ALBH.BH halts shipments MET/L

** HSBC says higher prices benefit Hindalco, National Aluminium NALU.NS, which is also up 5.5%

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))