Mumbai, March 25: The Indian stock market closed with significant gains on Wednesday. By the end of the trading session, the Sensex surged by 1,205 points, or 1.63%, reaching 75,273.45, while the Nifty climbed by 394.05 points, or 1.72%, settling at 23,306.45.
The market witnessed broad-based gains, with nearly all indices closing in the green. The Nifty Consumer Durables index rose by 3.51%, followed by Nifty Realty at 2.69%, Nifty PSU Bank at 2.67%, Nifty Metal at 2.56%, Nifty Financial Services at 2.35%, Nifty Auto at 2.22%, and Nifty Healthcare at 2.05%.
Both mid-cap and small-cap stocks also experienced upward momentum. The Nifty Midcap 100 index increased by 1,244.05 points, or 2.30%, to reach 55,331.05, while the Nifty Smallcap 100 index rose by 401.35 points, or 2.59%, to 15,896.55.
Among the gainers in the Sensex pack were UltraTech Cement, Bajaj Finance, L&T, Titan, Indigo, Trent, Mahindra & Mahindra, Tata Steel, SBI, Sun Pharma, Bajaj Finserv, Adani Ports, Asian Paints, and HDFC Bank. Conversely, Tech Mahindra, Power Grid, TCS, and Bharat Electronics were among the losers.
Due to the market rally, the market capitalization of all companies listed on the Bombay Stock Exchange (BSE) increased by approximately ₹8 lakh crore, rising to ₹4.31 lakh crore from ₹4.23 lakh crore.
Sudeep Shah, Head of Technical and Derivatives at SBI Securities, noted that the Nifty opened positively for the second consecutive day and closed with gains. However, it faced resistance between 23,460 and 23,465. If the index surpasses this zone, it could reach levels of 23,600 and then 23,800. In the event of a decline, the support zone is between 23,150 and 23,100.
The rally in the Indian market is attributed to falling crude oil prices, strong global signals, and easing tensions between Iran, the U.S., and Israel, which have boosted buying activity in the market.
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