Sensex, Nifty rise for 3rd day on gains in HDFC Bank, Reliance

Stock markets closed higher on Wednesday with gains in heavyweights L&T, HDFC Bank, and Reliance Industries amid foreign fund inflows.

Stock markets ended on a positive note on Wednesday (March 19, 2025), taking their winning momentum to the third day running due to heavy buying in market heavyweights L&T, HDFC Bank and Reliance Industries amid fresh foreign fund inflows.

However, intense selling in blue-chip IT stocks put some pressure on the markets ahead of the U.S. Fed policy decision.

The 30-share BSE benchmark Sensex climbed 147.79 points or 0.20% to settle at 75,449.05. During the day, it advanced 267.12 points or 0.35% to 75,568.38.

The NSE Nifty rose 73.30 points or 0.32% to 22,907.60.

From the Sensex pack, Tata Steel, Zomato, Power Grid, UltraTech Cement, IndusInd Bank, Larsen & Toubro, Adani Ports, NTPC, State Bank of India and Reliance Industries were among the major gainers.

On the other hand, Tech Mahindra, Tata Consultancy Services, ITC, Infosys, Sun Pharma, Maruti, HCL Tech, and Nestle were among the laggards.

“The domestic market continued its positive momentum, as part of the recent correction was justified by valuation. The sustainability of the relief rally depends on a revival in fundamentals. The recovery was broad-based, while metal stocks gained attention after the government decided to impose a tax on steel imports. In light of trade uncertainties and growth concerns, today’s FED policy and the commentary will be keenly watched by investors to get cues on interest rates,” Vinod Nair, Head of Research, Geojit Financial Services, said.