Sat. 05 Apr 2025
🌧️ 12°C in Dublin
🎮 Games
Date: 05-mar-2025
Mumbai, March 5, 2025, 1:02 PM IST – After weeks of continuous decline, the Indian stock markets witnessed a strong recovery on Wednesday, with benchmark indices surging in early afternoon trade. The BSE Sensex climbed 0.58% to 73,419.22, while the Nifty 50 advanced 0.65% to 22,226.9. The market sentiment turned positive, led by a sharp rebound in the Information Technology (IT) sector, which had suffered significant losses in the past few sessions.
The IT sector emerged as the biggest gainer, bouncing back after nearly two weeks of decline. Major IT stocks that contributed to the rally include:
The recent sharp decline in the market had led to excessive short positions. As markets showed signs of stabilization, short-covering by traders and institutional investors fueled the recovery.
Despite today’s positive momentum, analysts advise caution as global uncertainties persist. A key factor impacting global markets is the U.S. trade policy shift, with former U.S. President Donald Trump announcing reciprocal tariffs set to take effect from April 2, 2025. This has raised concerns about potential disruptions in international trade and economic stability.
Market experts suggest that if the IT and banking sectors continue to show strength, the Sensex and Nifty could witness further gains in the short term. However, volatility is expected due to external global factors, including U.S. economic policies and crude oil price fluctuations.
Investors are advised to watch key economic indicators and global trends before making trading decisions in the coming weeks.
Date: 05-Mar-2025
Indian stock market opened higher on March 5, 2025, with Sensex at 73,154 and Nifty at 22,127. IT stocks led gains, with Coforge surging 5.7%.
Date: 05-Mar-2025
Indian stock market opened higher on March 5, 2025, with Sensex at 73,154 and Nifty at 22,127. IT stocks led gains, with Coforge surging 5.7%.
04 Apr 2025
