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Informist, Thursday, Mar. 5, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices recover Wed as fears of trade disruption moderate 

 

MUMBAI--0743 IST--US indices rose Wednesday after falling sharply a day before on concerns of higher energy cost due to US-Iran hostilities. All three major indices rose as volatility in oil prices subsided after the US assured Navy support for ships to go through the Strait of Hormuz, even as investors remain cautious about the developments in West Asia.

 

Further, Iran Ministry of Intelligence signalled it was willing to talk to the US Central Intelligence Agency in order to end the war, Reuters reported quoting the New York Times. The offer was made through an unnamed country's spy agency. However, Iranian intelligence ministry rejected the report. 

 

Wednesday US Treasury Secretary Scott Bessent told CNBC the US would support the flow of oil through the Persian Gulf. His comments followed those of the US President Donald Trump who said on Tueday that the US would insure and escort oil tankers that need to pass through the Strait of Hormuz. The announcement came as oil prices soared leading to fears of high inflation in the US. Wednesday, Brent crude oil May futures settled flat at $81.40 per barrel. At 0736 IST, oil futures were up 2% at $83.19 per barrel.

 

The indices also rose after the ADP reported that the US private sector added 63,000 jobs in February, exceeding the estimate of 50,000 by economists. "The concerns of a softening labor market at least maybe turning into a deteriorating labor market (are) being kind of challenged right now," Anthony Saglimbene, chief market strategist at Ameriprise told CNBC.

 

Following are the closing levels of US indices Wednesday:  

 

Index	Level	Change in %
S&P 500	6869.5	0.78
NASDAQ Composite	22807.48	1.29
Dow Jones Industrial Average	48739.41	0.49

 

(Shruti Nair)

 

US$1 = INR 92.15

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Vandana Hingorani

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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