Mumbai, March 5: The Indian stock market closed positively during Thursday’s trading session. By the end of the day, the Sensex rose by 899.71 points, or 1.14%, closing at 80,015.90. Meanwhile, the Nifty gained 285.40 points, or 1.17%, ending at 24,765.90.
Defense stocks played a significant role in boosting the market. The Nifty India Defense index was the top gainer, rising by 2.55%. Other notable gainers included Nifty Metal (up 2.29%), Nifty PSU (up 2.22%), Nifty Infra (up 2.21%), Nifty Consumer Durables (up 2.10%), Nifty Commodities (up 2.05%), and Nifty Energy (up 1.92%).
However, the Nifty IT index closed down by 0.59%.
There was remarkable growth in large-cap, mid-cap, and small-cap stocks. The Nifty Midcap 100 index rose by 867.40 points, or 1.52%, closing at 57,792.55. The Nifty Smallcap 100 index gained 257.30 points, or 1.58%, finishing at 16,538.80.
Within the Sensex pack, notable gainers included Adani Ports, L&T, NTPC, BEL, Indigo, M&M, Power Grid, Maruti Suzuki, Tata Steel, Bajaj Finance, Sun Pharma, Ultratech Cement, Bajaj Finserv, Kotak Mahindra Bank, HDFC Bank, Titan, Trent, Asian Paints, and Bharti Airtel. Conversely, Tech Mahindra, HCL Tech, HUL, ICICI Bank, SBI, Infosys, Eternal, TCS, ITC, and Axis Bank were among the losers.
Market experts attribute the bullish trend to value-based buying by investors at lower levels. There has been significant investment in metal, government shares, and infrastructure-related stocks. Additionally, a surge in global markets has improved sentiment in the domestic market.
Furthermore, the decline in India VIX, which fell by 15.56% to close at 17.85, is also seen as a reason for increased buying activity. A drop in India VIX indicates market stability, which is viewed positively.
–
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
Leave a Comment