Sensex Soars 900+ Points, Reclaims 73,000 Mark in Afternoon Rally

MUMBAI, 05 March 2025: The benchmark equity index Sensex surged past the key 73,000 level, climbing over 900 points in afternoon trade, as investors engaged in aggressive buying amid a robust rally in Asian markets. The Nifty also crossed the 22,000 mark, reflecting broad-based market optimism.

Market analysts attributed the strong momentum to positive cues from the Asia-Pacific region, where stocks were buoyant following indications of tariff relief. Experts noted that investor sentiment was uplifted after easing trade concerns, reversing earlier market jitters triggered by a global selloff sparked by former U.S. President Donald Trump’s remarks.

At 12:45 PM, the 30-share BSE Sensex jumped 943.87 points, or 1.29%, to reach 73,933.80. Similarly, the broader NSE Nifty advanced 312.25 points, or 1.41%, to trade at 22,394.90, reinforcing the upbeat trend across the stock market.

Market participants highlighted that strong buying in banking, IT, and metal stocks significantly contributed to the rally. Heavyweight stocks, including Reliance Industries, HDFC Bank, and Infosys, saw notable gains, driving the indices higher.

Analysts also pointed out that sustained foreign institutional investor (FII) inflows, coupled with favorable macroeconomic indicators, played a crucial role in lifting market sentiment. Furthermore, expectations of stable global interest rates and easing inflation concerns fueled confidence among investors.

Asian markets remained in a bullish phase, with key indices in Japan, Hong Kong, and South Korea witnessing gains, further strengthening positive momentum in the Indian stock market. The optimistic trend suggests that market resilience is likely to continue in the near term, supported by improving global trade conditions and domestic economic growth prospects.

As the trading session progresses, investors will closely monitor global market trends, domestic economic data, and corporate earnings reports to gauge future market direction.

No Comments:

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

Education

More News