Sensex Rises 341 Points At Close, Nifty Reclaims 22,500; Financial Stocks Rally – News18
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Sensex Today: The BSE Sensex and NSE Nifty 50 indices opened on a positive note on Monday morning
Stock Market Today
Sensex, Nifty Today: The BSE Sensex and the NSE Nifty 50 both ended the day with significant gains on Monday, supported by sustained buying interest in financial, healthcare, and select metal stocks.
Despite positive global cues, the BSE Sensex began the day cautiously, dipping to a low of 73,796 (down 33 points) during early trading. However, the index quickly gained momentum, climbing to a high of 74,376, marking a 400-point rally from the day’s low. Both the highest and lowest points of the day occurred within the first hour of trading. Afterward, the Sensex consolidated and ultimately closed 341 points higher at 74,170.
Meanwhile, the NSE Nifty 50 opened with a negative gap of 44 points at 22,353, but soon moved into positive territory. The index reached a high of 22,577 before finishing with a gain of 112 points, or 0.5%, at 22,509.
Among the 30 Sensex stocks, Bajaj Finserv surged 3.8% to Rs 1,875. Mahindra & Mahindra, Axis Bank, and Bajaj Finance also rose by around 2% each. Other notable gainers included Adani Ports, Zomato, ICICI Bank, Sun Pharma, UltraTech Cement, Tata Motors, and Tata Steel.
On the downside, ITC fell by 1%. Nestle India, SBI, and Reliance Industries were among the other significant decliners.
Global Cues
On Friday, the US market saw a strong rebound, with the NASDAQ soaring 2.6%, the Dow Jones rising 1.7%, and the S&P 500 climbing 2.1%.
In Asia this morning, Hong Kong’s Hang Seng and Japan’s Nikkei both surged by around 1.4%. Taiwan and KOSPI also gained over 1% each, while Singapore’s Straits Times rose 0.7%, and China’s Shanghai Composite was up 0.4%.
Global investors will closely monitor developments in the US market, as well as interest rate decisions by major central banks. The US Federal Reserve and Bank of Japan are scheduled to announce their policy decisions on March 19, Wednesday, followed by the Bank of England on March 20, Thursday.
In commodities, gold prices surged past the $3,000 mark for the first time ever on Friday, driven by concerns that Donald Trump’s tariff measures could potentially disrupt global economies.
Meanwhile, WTI Crude Oil and Brent Crude Oil futures both gained over 1%, trading at $67.67 and $71.35 per barrel, respectively.
