Markets bounce back in tandem with rally in Asian peers
The Hindu
Market analysts predict a bounce in domestic equities after a global selloff due to new US tariffs.
Equity benchmark indices Sensex and Nifty bounced back sharply in early trade on Wednesday (March 5, 2025) amid value buying at lower levels as well as tracking the strong rally in Asian peers.
Market analysts said domestic equities were highly oversold and were due for a bounce.
Moreover, stocks in the Asia Pacific region traded on a positive note early on Wednesday on the tariff relief signal after President Donald Trump sparked a global selloff, they said.
The 30-share BSE Sensex benchmark climbed 564.80 points or 0.77% to 73,554.73 in the morning trade. The NSE Nifty climbed 176.65 points or 0.8% to 22,259.30.
From the Sensex pack, Tata Steel, Mahindra & Mahindra, HCL Technologies, Tech Mahindra, Adani Ports, Tata Motors, Power Grid, NTPC, Infosys, Tata Consultancy Services and Bharti Airtel were among the gainers.
Bajaj Finance, Bajaj Finserv, UltraTech Cement and HDFC Bank were the only laggards.
In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul were trading higher.
Stocks plummet on Wall Street amid escalating trade war, wiping out gains since Election Day, impacting global markets.
IMF warns of NBFC stress in India's financial system, recommends regulatory changes and enhanced data sharing for stability.
Ms. Sitharaman emphasises reducing regulatory burdens and enhancing trust-based governance to position India as a global player.
Indian rupee trades flat with negative bias due to FII outflows, but supported by weak U.S. Dollar and oil prices.
Tata Motors trials hydrogen-powered trucks for long haul transportation, aiming to assess viability and performance in real-life conditions.
SEBI's total income surges 48% to ₹2,075 crore in 2023-24, driven by increased earnings from fees and subscriptions.
BSE Sensex closes below 73,000 amid global equity rout, Nifty falls; FIIs offload equities worth ₹4,788.29 crore.
February 2025 saw Indian startups raise $1.65 billion in funding, with notable acquisitions and IPOs listed.
Supreme Court criticizes disappointing functioning of Real Estate Regulatory Authority, calls for regulatory mechanism to protect homebuyers.
Prime Minister Narendra Modi outlines measures to boost entrepreneurship and manufacturing, emphasizing global opportunities and exports for Indian industries.
New model bilateral investment treaty to be attuned to demands of global investment environment: CEA
Chief Economic Adviser V Anantha Nageswaran discusses revamping India's bilateral investment treaty model to attract foreign investment while protecting sovereignty.
Saudi Aramco reports $106.25 billion profit in 2024, down 12% from prior year due to lower energy prices.
Rupee falls to 87.40 against dollar due to foreign fund outflows, tariff uncertainty, and trade tensions.