Daily Stock Market News(Mar 5, 2026): Gulf Turmoil Impacts Oil & LNG, Rupee Record Low

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Global markets face volatility as a US submarine torpedoes an Iranian ship, though oil prices dipped slightly on rumors of US-Iran talks. India faces an LNG crisis as Qatar shuts output, severely impacting city gas distributors. Meanwhile, India's Services PMI dropped to 58.1, and the Rupee slumped to an all-time low of 92.05 against the USD. In corporate news, Tejas Networks surged 67% on a 5G deal with NEC, and MRF announced a ₹5,300 crore plant in Tamil Nadu.