Nifty 50 snaps longest losing run in 29 years, Sensex reclaims 73,000—10 key highlights of stock market today | Stock Market News

Indian stock market: After back-to-back losses, bulls finally took charge of the Indian market in today’s session, March 05, brushing aside Donald Trump’s threats of reciprocal tariffs on Indian imports. All 13 major sectoral indices ended in the green, while the broader market also rebounded strongly, bringing much-needed relief to investors’ portfolios after a prolonged period of pressure.

The market had attempted to rebound in previous sessions, but mixed sectoral performance kept the front-line indices under pressure. However, today’s session saw broad-based support, driving a strong recovery.

A healthy economic outlook set by China triggered a strong rally in metal stocks, while IT stocks attracted buying interest from Dalal Street investors after a prolonged sell-off that had pushed them to an eight-month low.

Media and auto stocks also rebounded sharply, contributing to the market’s recovery, while FMCG and pharma stocks ended the session with healthy gains.

Against this backdrop, the Nifty 50 closed with a gain of 1.15%, ending at 22,337, breaking its 10-day losing streak—the longest since 1996. Its peer, the Sensex, also wrapped up the session with a 1.01% gain, settling at 73,730.

Stock market today: 10 key highlights

Here are 10 key highlights of the Indian stock market today:

Nifty 50, Sensex log best intraday performance in a month

Both the Nifty 50 and Sensex ended today’s session with gains of over 1%, marking their biggest intraday jump in a month. The last time both indices posted gains of over 1% was on February 4.

Analysts said today’s rally has provided much-needed relief to the bulls, and if the momentum sustains this week, they anticipate a continued uptrend.

90% of Nifty 50 stocks end in green

Out of the 50 constituents in the index, 45 ended in positive territory, with Adani Ports & SEZ emerging as the top gainer, rallying 5.2%. It was followed by Tata Steel, Adani Enterprises, M&M, Power Grid Corporation, and NTPC, all of which closed the session with gains of over 4%.

Other auto stocks, including Tata Motors, Eicher Motors, and Hero MotoCorp, ended the trade with gains ranging between 2% and 3.6%. Meanwhile, other Tata group stocks such as Trent, Titan, Tata Consumer Products, and TCS gained up to 2.3%.

ITC, RIL, and 3 other stocks contribute 43% to Nifty 50’s gain

The index heavyweights, including ITC, Reliance Industries, Bharti Airtel, Infosys, and Mahindra & Mahindra, collectively contributed 110 points, or 43%, of the Nifty 50’s 254-point gain in today’s session.

ITC emerged as the top contributor, adding 30 points to the index, followed by Reliance Industries and M&M, which contributed 23 and 21.33 points, respectively.

Nifty Metal: Top sectoral performer

The index emerged as the top sectoral performer in today’s session after China set its 2025 growth target at 5%, while a soft US dollar also supported the rally in metal stocks. Amid this, Nifty Metal ended the session with a gain of 4.04%, closing at 8,685 points.

All 15 constituents of the index ended in the green. Among the top gainers, Hindustan Copper led the charge with a surge of 7.5%, followed by Welspun Corp, NALCO, Vedanta, NMDC, and Tata Steel, all closing with gains of over 5%.

8 Nifty 500 stocks hit fresh 1-year lows

Eight constituents of the Nifty 500 index registered new one-year lows, including Bajaj Auto, Sun TV Network, Asian Paints, Nestle India, MphasiS, MRF, Bosch, and G R Infraprojects.

Mid, small-cap indices jump over 2.3%

The broader markets outperformed the front-line indices, with the Nifty Midcap 100 index surging 2.38% to close at 49,148, while the Nifty Smallcap 100 index posted similar gains, rising 2.90% to finish at 15,190 points.

High activity: Tata Steel, Easy Trip Planners see massive spike in trade volumes

A total of 62.1 million shares of Tata Steel were traded across the BSE and NSE in today’s session, 1.83 times higher than its average weekly volume of 34 million. Similarly, Easy Trip Planners saw 53.1 million shares change hands on both exchanges, 1.77 times higher than its weekly average of 30 million.

Other stocks, including SAIL, NMDC, Rail Vikas Nigam, and Gujarat Toolroom, also witnessed a significant surge in trading volumes.

14 NSE stocks hit 20% upper circuit limit

As per data available on the NSE website, 14 stocks were locked at the 20% upper circuit limit, including Quadrant Future Tek, Man Industries, Arihant Capital Markets, and Ganesh Infraworld.

Additionally, the data showed that over 276 stocks have touched their respective upper circuit limits, ranging between 2% and 10%.

Rupee settles 19 paise higher at 87

The rupee appreciated by 19 paise to close at 87.00 (provisional) against the US dollar on the back of weak American currency and a decline in crude oil prices.

Forex traders said US President Donald Trump’s tariff escalation has set off a chain reaction in global markets, sending the dollar into a downward spiral.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.79 per cent lower at 104.91 amid trade tariff uncertainties.

Oil prices extend losses

Oil prices continued their downward trend for the third straight session as concerns over global growth and OPEC ‘s decision to increase production in April weighed on sentiment.

Brent crude oil futures declined below $71 per barrel on Wednesday, remaining close to a four-month low, as concerns over OPEC+ production increases weighed on prices. WTI crude oil futures also declined below $68 per barrel in today’ s session, remaining close to a three-month low.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.