“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.
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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