Stock Market Highlights: Smart rally, Nifty closes above 22,500, Sensex surges 600 points led by metals and oil & gas

The Nifty 50 closed the session 193 points, or 0.86%, higher at 22,530 while the Sensex finished the session 592 points, or 0.80%, higher at 74,322.

Asian Paints, Coal India, Hindalco, BPCL, and NTPC were the top gainers in the Nifty 50 during the later hours. Tech Mahindra, BEL, Trent, Britannia, and Kotak Mahindra Bank were the major losers in the Nifty 50.

The share price of JSW Infra rallied as much as 7.9% to an intra-day high of Rs 271.80 after China is up for more monetary policy easing and left the door open to more stimulus measure to come over Trump’s tariffs.

The top gainers on Nifty at this hour include- Asian Paints, Coal India, Hindalco, Tata Steel and BPCL

The top Nifty losers are Tech Mahindra, Trent, BEL, HDFC Life

Almost 15 stocks hit 52-week highs and 45nstocks plunged to 52-week low levels on NSE.

Moreover, 230 stocks hit upper circuit and 44 stocks hit lower circuit on NSE.

WTI crude oil fell to a six-month low of $65.20 per barrel, driven by concerns over demand, exacerbated by fears of trade wars and OPEC+’s decision to resume reviving idle production in April. “U.S. crude inventories saw a much larger-than-expected increase of 3.61 million barrels last week, pushing total stocks to 433.8 million barrels, the highest since July 2024,” said Kaynat Chainwala, Assistant Vice President of Commodity Research at Kotak Securities.

The Indian stock market saw a rally today, with 2,848 stocks being actively traded. Market sentiment remained positive as 2,267 stocks advanced, outpacing the 515 declines, while 66 stocks remained unchanged. Despite the upbeat mood, only 16 stocks touched their 52-week high, whereas 38 stocks hit their 52-week low. In addition to this, 206 stocks surged to their upper circuit, while 35 stocks were locked in their lower circuit.

Asian Paints share price rose almost 4% to the day’s high of Rs 2,248.05 to be the top gainer in the Nifty 50. The stocks of oil refining companies also surged in Thursday’s trade. The Nifty Oil & Gas rose more than 2% to the 10,001.10 level. All the constituents of the index were trading in the green. The surge in stock prices came as crude oil prices fell below $70 a barrel.

The sectoral index Nifty IT is trading in the red. Stocks like Tech Mahindra, Coforge, Infosys, etc. were dragging the index lower. it was the only sectoral index to trade in red during the afternoon trade.

After facing a period of decline in late 2024 and early 2025, Reliance Industries is showing signs of recovery. On Thursday, the company’s shares surged nearly 2% after global rating agencies, including Jefferies, Kotak turned bullish on the stock.

Asian Paints emerged as the top gainer, rising 3.47%, followed by Tata Steel, which gained 2.09%. Axis Bank saw an increase of 2.01%, while Hindustan Unilever and Reliance advanced 1.88% and 1.47%, respectively.

The Nifty Auto fell 0.20% to 20,757.90 on March 05. It was the only sectoral index to trade in the red. TVS Motor and Maruti Suzuki were the major losers dragging the index.

The share price of Asian Paints rose 2.85% to an intra-day high of Rs 2,226. The stock was the top gainer in the Nifty 50. It touched its 52-week low of Rs 2,124.75 on March 05, 2025.

The Indian stock market bounced back into the green, with the Sensex rising 76.45 points (0.10%) to 73,806.68, while the Nifty gained 24.15 points (0.11%) to 22,361.45 in early trade.

The share price of Shriram Finance rose 3% to an intra-day high of Rs 650.80 on the National Stock Exchange. The stock was the top gainer in the Nifty 50.

The Indian stock market gave up its early gains, with the Sensex slipping 0.14% to 73,687.51 while the Nifty inched down 0.11% to 22,312.80, turning red after a green start.

In early trade, the top gainers in the Sensex 30 included Asian Paints, which rose 2.08%, followed by Reliance Industries at 1.47%, Tata Steel at 1.27%, Zomato at 1.10%, and M&M at 0.88%. On the other hand, IndusInd Bank saw a decline of 0.37%, NTPC slipped 0.49%, Bharti Airtel dropped 0.78%, UltraTech Cement fell 0.80%, and Infosys was down 0.92%.

The Indian stock market started on a positive note today, with the Sensex opening at 74,308.30, rising 0.78%. Meanwhile, the Nifty also saw a strong start, gaining 0.55% to open at 22,459.10.

“Though yesterday’s rise paused near 22400, the second objective that we had set out with, the firm close thereof completed a morning star candlestick pattern signalling confirmation of trend reversal. The low of 25 Feb, at 22513, presents itself as the nearest challenge, but we feel there will be enough follow through momentum to see atleast 23000 initially, without major hiccups. Meanwhile, volatility early in the day would have to be contained above 22270 for early resumption of uptrend. We will however wait for cracks below 22190 to abandon the upside view,” Anand James, Chief Market Strategist, Geojit Financial Services.

“A positive opening could be seen for local markets in view of overnight recovery in US markets and subsequent gains in the Asian region amid reports the Trump presidential administration is considering a one-month delay for including automakers in freshly-imposed tariffs. Apart from potential Trump tariff, the theme also revolves around WTI Crude-oil prices flirting with its 6-month low at $65.60 a barrel. Amidst the fragile recovery, investors will brace for the US jobs report to trickle in this Friday,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.

Indian markets are expected to start the day on a positive note, as indicated by the trends on GIFT Nifty. Early signs suggest a modest gain, pointing to a stable and optimistic session ahead. Nifty futures were seen trading around the 22,472.50 mark, reflecting positive momentum in global cues.

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