Market Opening Bell: The 30-share BSE Sensex opened at 73,830.03, while the NSE Nifty 50 started the session at 22,353.15.
Market Opening Bell: Indian benchmark indices started the session on a positive note on Monday, i.e. March 17, 2025, after a long weekend on account of Holi, amid positive global cues. The 30-share BSE Sensex opened at 73,830.03, while the NSE Nifty 50 started the session at 22,353.15.
But the Sensex soon climbed 363.67 points to 74,192.58 in early trade. Nifty also jumped 115.3 points to trade above a crucial level of 22,512.50. The Sensex closed at 73,828.91 and Nifty 50 at 22,397.20 in the last trading session on Wednesday.
From the Sensex pack, Nestle India, Tech Mahindra, HCL Tech and State Bank of India were among the biggest laggards in the opening trade, with Nestle India losing 1.28 per cent. On the other hand, stocks like IndusInd Bank, Bajaj Finserv, Adani Ports and Mahindra & Mahindra were in the green in the opening trade. IndusInd Bank was the top gainer, up 4.27 per cent while writing the report.
In early trade, 1,547 stocks in the Nifty pack were trading in the green, while 994 were trading in the red. 78 stocks remained unchanged.
“The near-term market trend is likely to be stable with a positive bias. The positive factors are the steadily declining trend in FII outflows and the outperformance of India over the US last week. This positive trend has fundamental support from the bounce back in FY25 Q3 GDP growth to 6.2%, the spurt in January IIP to 5%, and the decline in February CPI inflation to 3.61%. This positive macro backdrop can support the market in the short-term but cannot sustain a rally in the market,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
What does Gift Nifty indicate?
Earlier, Gift Nifty, an early indicator for equity market indices, indicated a positive start for the Nifty 50, which opened higher at 22,605, compared to the previous close of 22,666 on Wednesday.
Asian Markets Today
Meanwhile, Asian markets traded in green today as the US stock market staged a comeback on Friday (March 14), recovering from earlier losses in the week. The Dow Jones Industrial Average closed with a gain of 674.62 points, or 1.65 per cent, while the S&P 500 climbed 2.13 per cent. The tech-heavy Nasdaq increased 2.61 per cent.
When writing the news, Hong Kong’s Hang Seng Index was up by 316.66 points or 1.30 per cent, and Japan’s Nikkei 225 was up by 473.46 points or 0.85 per cent. On the other hand, South Korea’s Kospi was up by 39.89 points or 1.55 per cent. Also, China’s Shanghai Composite was in the green.
How did individual sectors perform?
Major Nifty sectoral indices traded in the green, but the Nifty IT was down 0.39 per cent. The Nifty Metal was up 1.20 per cent. Similarly, the Nifty Auto gained 1.16 per cent, and the Nifty Bank jumped 0.67 per cent in the opening trade.
