Sensex rebounds over 1% on buying in power, utilities stocks; Nifty ends 10-day losing run

Nifty rebounds, Sensex surges as global cues and strong domestic demand boost Indian markets on March 5, 2025.

Benchmark BSE Sensex surged by 740 points while Nifty snapped a 10-day losing streak on Wednesday (March 5, 2025) following value buying in utilities and power shares and a strong trend in global markets. The 30-share BSE Sensex surged by 740.30 points or 1.01% to close at 73,730.23. The index jumped 943.87 points or 1.29% to hit an intra-day high of 73,933.80.

Cutting short its record 10-day falling streak, the broader Nifty of NSE rebounded by 254.65 points or 1.15% to settle at 22,337.30. During the day, it appreciated by 312.25 points or 1.41% to a high of 22,394.90.

From the Sensex pack, Adani Ports, Tata Steel, Power Grid, Mahindra & Mahindra, NTPC, Tech Mahindra, Tata Motors, ITC, Nestle India, HCL Technologies, Bharti Airtel, State Bank of India, Asian Paints and Kotak Mahindra Bank were the gainers.

Bajaj Finance, IndusInd Bank, HDFC Bank, and Zomato were the laggards.

“Strong global market cues led the recovery in domestic indices as talks that the Trump administration could reverse some tariffs amidst the ongoing global trade tensions buoyed sentiment,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd., said.

Also, local factors such as an increase in the February PMI index also boosted the sentiment in the markets, Mr. Tapse said.

India’s services sector activity witnessed a sharp uptick in February boosted by improving domestic and international demand, which resulted in a quicker expansion in output and a substantial increase in employment, a monthly survey said on Wednesday (March 5).