Share Market Today: Sensex Ends 5-Day Losing Streak; Settles Over 74,150, Nifty Closes Above 22,500

On the 30-share Sensex platform, Bajaj Finserv, M&M, Axis Bank, Bajaj Finance, and Adani Ports closed the day in green, while the laggards included ITC, Nestle, SBI, Reliance, and Asian Paints.

Sectorally, the Financial Services Ex-Bank and Pharma indices dominated the gains and closed 1.58 per cent and 1.56 per cent respectively.

Source : other

Benchmark stock indices Sensex and Nifty bounced back on Monday, closing higher by half a per cent following a sharp rally in global shares and buying in banking stocks.

The Indian stock market ended the trading session on Monday in positive territory. The equity benchmark indices, Sensex and Nifty, closed the day in green after continuing their rally throughout the session.

The BSE Sensex put an end to its 5-day losing streak and settled the session above 74,150, climbing close to 350 points. Meanwhile, the NSE Nifty50 ended trading over the 22,500 mark, jumping more than 100 points.

On the 30-share Sensex platform, Bajaj Finserv, M&M, Axis Bank, Bajaj Finance, and Adani Ports closed the day in green, while the laggards included ITC, Nestle, SBI, Reliance, and Asian Paints.

In the broader markets, the Nifty Midcap 50 settled the session 0.88 per cent higher. Sectorally, the Financial Services Ex-Bank and Pharma indices dominated the gains and closed 1.58 per cent and 1.56 per cent respectively.

Inflation Data And Global Markets

Official data released on Monday showed that the wholesale price inflation in India climbed marginally to 2.38 per cent in February, while retail inflation eased to 3.61 per cent in the month. This was the first time the figure dropped below the Reserve Bank of India's (RBI) target of 4 per cent for the first time in six months.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory. Meanwhile, stock markets in Europe were trading higher, and US markets ended sharply higher on Friday.

The foreign institutional investors (FIIs) dumped Indian equities worth Rs 792.90 crore on Thursday, official exchange data showed. The Indian rupee appreciated 24 paise to close at 86.81 (provisional) against the US dollar on Monday, driven by favourable conditions in the domestic market and weakness of the American currency in the overseas market. 

Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, "Despite a small hiccup, markets quickly gained ground to trade in positive territory as optimism across global markets aided recovery in local indices. However, with a lot of uncertainty surrounding the impact of US tariff policies on key economies, including India, investors would be watchful of the global events before taking any call."