Sensex rallies 610 points to reclaim 74,000 on buying in RIL, global equity gains
The Hindu
Sensex and Nifty surge over 600 points, driven by Reliance Industries and easing crude oil prices on March 6.
Benchmark stock index Sensex rallied nearly 610 points to reclaim the 74,000 mark while Nifty closed above 22,500 in their second day of gains on Thursday (March 6, 2025) following heavy buying in Reliance Industries on easing crude oil prices.
Recovering from early losses, the 30-share BSE Sensex jumped 609.86 points or 0.83% to settle at 74,340.09. During the day, it surged 660.57 points or 0.89% to hit a high of 74,390.80.
The broader Nifty of NSE advanced 207.40 points or 0.93% to close at 22,544.70. In the session, the 50-share barometer jumped 219.15 points or 0.98% to hit an intraday high of 22,556.45.
From the Sensex pack, Asian Paints, NTPC, Reliance Industries, Tata Steel, Bajaj Finserv, Hindustan Unilever, Sun Pharmaceuticals, Adani Ports & SEZ, Axis Bank, Tata Consultancy Services, Titan and Bajaj Finance were the major gainers.
Tech Mahindra, Kotak Mahindra Bank, Zomato, Tata Motors, and IndusInd Bank were the laggards.
“The Indian indices exhibited resilience, owing to positive global cues following Trump’s softened tariff stance on automakers from Canada & Mexico amidst the weakening dollar index,” Vinod Nair, Head of Research, Geojit Financial Services said.
A correction in crude oil prices, influenced by a slowdown in demand and further economic stimulus from China, ignited optimism in the energy and metals sectors, Mr. Nair added.
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