Stock markets rally amid sharp gains in global shares; Sensex snaps 5-day losing run
The Hindu
Stock indices Sensex and Nifty rebounded by half a per cent, driven by global rally and banking stock buying.
Benchmark stock indices Sensex and Nifty bounced back on Monday (March 17, 2025), closing higher by half a per cent following a sharp rally in global shares and buying in banking stocks.
The 30-share BSE Sensex climbed 341.04 points or 0.46% to settle at 74,169.95, snapping its five-day losing run. In intra-day trade, the benchmark jumped 547.44 points or 0.74% to 74,376.35.
The NSE Nifty rose by 111.55 points or 0.50% to 22,508.75.
From the Sensex pack, Bajaj Finserv, Mahindra & Mahindra, Axis Bank, Bajaj Finance, Adani Ports, ICICI Bank, Zomato and UltraTech Cement were among the biggest gainers.
However, ITC, Nestle, State Bank of India, Reliance Industries, Asian Paints and Tata Consultancy Services were among the laggards.
Shares of IndusInd Bank jumped 5.30% in intra-day trade after the Reserve Bank on Saturday (March 15, 2025) assured customers that the firm remains ‘well-capitalised’, even as it directed the bank’s board to complete remedial action relating to an estimated ₹2,100 crore accounting discrepancy within this month. The stock finally ended at ₹676.95, up 0.72%.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory. Stock markets in Europe were trading in the green. U.S. markets ended sharply higher on Friday (March 14, 2025).
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