Markets build on gains for fifth day; Sensex surges 936 points to reclaim 56k-mark
The Hindu
Equity indices marched higher for the fifth session on the trot on March 14, propelled by robust buying in banking and IT counters along with a decline in crude oil prices as hopes of headway in Russia-Ukraine talks boosted risk-on sentiment globally.
European bourses opened higher following reports of tentative progress in talks between Russian and Ukrainian officials, even as Moscow continued its military offensive.
After a cautious start, the 30-share BSE Sensex gained momentum as the session progressed to close 935.72 points or 1.68% higher at 56,486.02.
Similarly, the broader NSE Nifty vaulted 240.85 points or 1.45% to settle at 16,871.30.
Infosys topped the Sensex gainers’ chart, spurting 3.76%, while HDFC Bank climbed 3.25% after the RBI on Saturday lifted all restrictions on the private sector lender, permitting it to launch new digital initiatives.
SBI, Maruti Suzuki, Axis Bank, ICICI Bank, Wipro and HDFC were among the other prominent winners.
Only four Sensex constituents closed with losses — HUL, Sun Pharma, Dr. Reddy’s and Tata Steel, dropping up to 1.66%.
Equity market benchmarks Sensex and Nifty rise on strong domestic data and global trends, led by ICICI Bank and Reliance: Follow The Hindu’s updates on the Sensex and Nifty
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Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday (March 12, 2025) but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff.