"A Resilient Comeback: Markets Surge as Buying Sentiment Returns"
Mumbai, March 5: After enduring a 10-session losing streak, the Indian stock market made a strong comeback on Wednesday, fueled by renewed buying interest and positive global cues. The Sensex soared 740 points while the Nifty jumped 250 points, marking a broad-based recovery across sectors.
Markets Bounce Back with Strong Gains
The BSE Sensex surged 740.30 points (1.02%) to close at 73,730.23, while the NSE Nifty rose 250 points (1.13%), settling at 22,332.65.
Out of the Nifty 50 stocks, 46 ended in the green, reflecting a broad recovery, while only four stocks closed in losses.
Top Gainers:
Adani Ports Tata Steel Adani Enterprises Power Grid M&M
Top Losers:
Bajaj Finance IndusInd Bank HDFC Bank Shriram Finance
Expert Insights: What Drove the Rebound?
Global Market Trends & Oil Prices
Market analysts attribute the rally to positive cues from Asian markets and easing crude oil prices, which helped improve investor sentiment.
Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher, noted:
"After an extended losing streak, the Nifty rebounded today, tracking gains in Asian markets despite global trade tensions. Additionally, the rupee appreciated by 9 paise to 87.10 against the U.S. dollar, providing further relief to investors."
Shrikant Chouhan, Head of Equity Research at Kotak Securities, highlighted a key technical breakout:
"The market successfully cleared the 22,200/73,200 resistance zone today. A long bullish candle and reversal formation on daily charts suggest a continued uptrend."
Factors Supporting Market Sentiment
Crude Oil Prices Decline: Oil prices fell for a third consecutive session amid concerns over global growth and OPEC+ increasing production in April. Rupee Strengthens: The Indian rupee appreciated by 9 paise to 87.10 per USD, reducing inflationary concerns. Technical Breakout: Market analysts believe a key technical resistance was breached, paving the way for further gains.
What’s Next? Key Market Watchpoints
Despite this strong rebound, uncertainties persist. Investors will closely track:
Foreign Institutional Investors (FIIs) activity Global trade tensions & geopolitical developments Domestic economic indicators & inflation trends
While today's rally provided much-needed relief, market participants will watch upcoming economic data and global cues to determine if this recovery is sustainable.
Tags:
Stock Market, Sensex, Nifty, Indian Stock Market, Market Recovery, Crude Oil Prices, Rupee vs Dollar, FIIs, Market Rally, Financial News, BSE, NSE, Stock Market Trends
Last Updated on March 5, 2025 by Sandeep
