Indian Stock Markets Rebound: Sensex Jumps 900 Points, Nifty Ends Above 24,765

Indian stock markets rebounded strongly on March 5 after experiencing heavy losses for the past three days due to tensions related to the Israel–Iran conflict.

The benchmark BSE Sensex opened at 79,530.48 points and continued to trade in positive territory throughout the day. By the end of trading, the Sensex surged 899.71 points to close at 80,015.90 points.

Similarly, the NSE Nifty 50 index also recorded significant gains, rising 285.40 points to settle at 24,765.90 points.

Among the Nifty 50 stocks, Adani Ports, Hindalco Industries, and Larsen & Toubro emerged as the top gainers. The Nifty Midcap and Smallcap indices also performed well, gaining 1.52% and 1.58% respectively.

Sector Performance

Sector-wise, the Nifty Metal index recorded the highest gain, rising 2.3%. The Nifty Oil & Gas and Construction Materials indices also performed strongly during the trading session. However, IT stocks experienced a decline.

Out of the 30 stocks on the Sensex, 21 stocks closed in the green while 9 stocks ended in the red.

Major gainers included Adani Ports, Larsen & Toubro, NTPC, Reliance Industries, Bharat Electronics, and InterGlobe Aviation. On the other hand, Tech Mahindra, HCL Tech, Hindustan Unilever, and ICICI Bank recorded losses.

Global Factors Influence Markets

Market experts stated that the recovery was driven by signs of easing tensions between the United States and Iran.

Reports suggest that Iran’s Foreign Minister indicated the country may be willing to abandon its nuclear program if the United States provides a satisfactory alternative proposal, which helped boost investor confidence.

Currency and Oil Prices

Meanwhile, the Indian Rupee strengthened by 45 paise against the US dollar to close at ₹91.60.

Crude oil prices also moved higher, with Brent crude rising by 1.84% to $82.90 per barrel.

Source : Dinamani