The Impressive TimesNew Delhi : Indian benchmark indices Sensex and Nifty opened in the green on Wednesday, March 20, 2025, tracking positive global cues after the US Federal Reserve maintained its benchmark interest rate unchanged. This decision reinforced investor confidence, fueling a rally across global markets, which in turn supported Indian equities. The 30-share BSE Sensex surged 468.06 points or 0.62% to open at 75,917.11, while the broader NSE Nifty gained 129 points to start trading at 23,036.60. This marks a strong recovery from the previous session, where the Sensex closed at 75,449.05, and the Nifty 50 ended at 22,907.60 on Tuesday.
The early trade saw a mixed performance among Sensex stocks. Sun Pharma, UltraTech Cement, Larsen & Toubro, Hindustan Unilever, and Bajaj Finserv were among the biggest laggards, with Sun Pharma losing 0.56% in opening trade. On the other hand, stocks like Zomato, Infosys, Mahindra & Mahindra, IndusInd Bank, and Tech Mahindra were in the green. Zomato emerged as the top gainer on the BSE, climbing 1.57% while writing the report. The market breadth remained positive, with 1,911 stocks trading in the green, 214 stocks in the red, and 55 stocks remaining unchanged.
The overall market sentiment was influenced by the US Federal Reserve’s decision to keep interest rates steady, which led to a strong rally in global markets. Asian markets, including Japan’s Nikkei and Hong Kong’s Hang Seng, opened strong, reflecting improved investor confidence. In India, sectors such as information technology, banking, and real estate witnessed buying interest, while FMCG and pharmaceutical stocks showed some weakness. The IT sector led the gains, with Infosys and Tech Mahindra performing well, while IndusInd Bank was among the top performers in the banking segment. On the downside, Sun Pharma and Hindustan Unilever contributed to the early losses.
Earlier in the day, Gift Nifty, a key early indicator for equity market indices, signaled a flat start for the Nifty 50. It opened slightly lower at 23,060.50 compared to its previous close of 23,067. Despite this cautious indication, domestic markets opened on a stronger note, benefiting from the positive global sentiment. The ongoing foreign institutional investor (FII) inflows and stable domestic economic indicators are likely to keep market sentiment upbeat. Analysts believe that while global factors remain key to market movements, the resilience of the Indian economy and corporate earnings growth will continue to support equity markets in the near term.
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