New Delhi, March 5 -- The Gift Nifty is trading 350 points lower in late trading on Thursday, 5 March, indicating that markets could resume their losing streak when trading opens on Friday, 6 March.

After a three-day brutal sell-off that wiped out billions of investors' wealth, Indian benchmark indices staged a strong recovery in today's session, with the rally led by metal and auto stocks, but those gains appear to be short-lived, given the weak indication from the Gift Nifty.

The war in the Middle East, which was triggered after the US and Israel killed Iran's supreme leader and top military officials, entered its sixth day on 5 March, with Tehran continuing its attacks on US forces in Iraq and Kuwait and struck an oil tanker in the P...