Sensex & Nifty Closing Updates Today, March 5, 2025: Sensex up by 740.30 points, Nifty up by 254.65 points

Market Close

Indian benchmark indices, Nifty and Sensex, were trading higher on Wednesday, 5th March 2025, denoting an end to a major losing streak. The Nifty broke a 10-day losing streak, its longest in three decades, and ended above 22,300. The Sensex was up 740.30 points or 1.01 percent at 73,730.23, and the Nifty was up 254.65 points or 1.15 percent at 22,337.30.  This followed advances in Asian markets. The advance-decline ratio stayed very much in favor of the buyers.

Things Behind the Market Rally

There were a few reasons that the market was taking off. IT stocks gained and a rise in the PMI to 59.0 in February from 56.5 in January, also helped sentiment. Positive signals from Asian and global markets, a 9 paise strengthening of the rupee to ₹87.10 against the US dollar and a sharp drop in crude oil prices had also aided the recovery. Moreover, a US Commerce Secretary's statement that the Trump administration may reverse some tariffs on Chinese imports sparked a global relief rally across markets. China’s growth target of “around 5%” growth in GDP next year and stimulus measures also helped buoy Asian markets. Besides, investors eyed bargain buying opportunities as large-cap and mid- and small-cap stocks available at attractive valuation after the recent market fall.

Sectoral Performance

The rally was broad-based as most Nifty sectoral indices finished in green. Nifty Metal topped the gainers chart at +4.04%, PSU Bank followed at +3.00%, IT came at +2.13%. The Nifty IT index rose 1.6%. Nifty Auto rose 1.1%, and Nifty Bank added 0.3%, helped by an increase in ICICI Bank. At close, Nifty Metal was up 3%, while Media was up 2%. Auto and IT sectors gained almost 3%, while PSU, Realty and Oil & Gas indices also rose 2%.

Top Performers and Losers

Mahindra & Mahindra, Power Grid Corporation of India, State Bank of India, ICICI Bank and Adani Enterprises were among the top gainers on the Nifty 50. Adani Ports and Tata Steel rose 5% each. Other biggest gainers included Coforge, which jumped 10%. On the other hand, banking stocks such as HDFC Bank and IndusInd Bank slipped, and Bajaj Finance was the biggest loser.

But, it potentially sets up a stock-specific day.

Global Market Influence

Global stock markets were mostly positive. Hong Kong’s Hang Seng surged higher on China’s growth target. European stocks surged after Germany relaxed its debt brake. But worries lingered from US President Donald Trump's tariffs on major trading partners. Trump renews call for trade tariffs, taunts India

Trader Sentiment and Technical Analytics

Bearish investor sentiment had hit levels not seen since the early days of COVID-19. But Wednesday’s sharp snapback came after oversold readings from technical indicators and at least sparked debate about whether it was a true recovery or just a temporary bounce. Some analysts said the market may be near a bottom.

Forex and Commodity Markets

The Indian rupee appreciated versus the US dollar. The US Dollar index fell to its lowest level since December 6. Crude oil’s price fell amid OPEC production increase plans. Gold hovered, and silver made advances.

Regulatory Developments

SEBI is mulling a proposal to relax restrictions on short-selling. The derivatives market has seen a dip in retail participation post SEBI's F&O rules. The RBI has also asked big finance companies to stop the practice of supplying 'line of credit' to the companies.

Mid-Day Top Gainers

Latest update: Sensex rallies over 850 points, Nifty50 above 22,300

Stock Market Top Gainers

Coforge: The counter was trading at ₹7,834 on the NSE, up 8.62%. 

Hindware Home Innovation Limited: The stock had risen 6.85% to ₹206.60 on the NSE. Note that the sources do not include the high and low prices for the whole trading session.

Reliance Infrastructure: Up 5.49% on the NSE at ₹217.20. 

Adani Wilmar: Adani Wilmar shares had risen 5.34% in NSE to ₹252.68.

Jio Financial Services: Shares of Jio Financial Services have climbed 4.11 percent to ₹214.86 on the NSE. 

Mahindra Logistics: The counter had jumped 3.55% to ₹251.06 on the NSE. 

Aurobindo Pharma: The shares were trading at ₹1,085, higher by 3.16% on the NSE. 

JSW Steel: The stock gained 2.20 percent at ₹995.50 on the NSE. 

Muthoot Microfin: The stock jumped 1.82% on the NSE to ₹133. 

KEC International: KEC International shares were trading at ₹708.10 on NSE, up around 1.35%. 

Zydus Lifesciences: The stock rose 1.24% to ₹882.45.

Stock Market Top Losers

BSE Ltd: Shares of BSE Ltd tumbled 7% and later traded to have lost 9%. 

Neogen Chemicals: The stock price of Neogen Chemicals fell 2.98% to ₹1,668 on the NSE. 

Disclaimer: This is not a recommendation to buy or sell a stock. 

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