Indian stock market: After 10 days of decline (Nifty 50), 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 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 1.14%, ending at 22,334.90, breaking its 10-day losing streak—the longest since 1996. Its peer, the Sensex, also wrapped up the session with a 1% gain, settling at 73,707 points.
The broader markets outperformed the front-line indices, with the Nifty Midcap 100 index surging 2.38% to close at 49,148 points, while the Nifty Smallcap 100 index posted similar gains, rising 2.90% to finish at 15,190 points.
