Share Market Highlights: Dalal street stages a firm comeback; Nifty ends above 22,500, Sensex jumps 1,000 points

Among the top performers on the Sensex 30 at this hour are Titan, Larsen & Toubro (L&T), State Bank of India (SBI), and Bajaj Finance, all trading with strong gains. Zomato is also among the leading gainers. On the flip side, PowerGrid stands out as the sole loser in an otherwise upbeat market.

In a recent regulatory filing, Ola Electric Mobility addressed speculation around its February 2025 sales figures, stating that the numbers reflect actual customer demand based on fully paid and confirmed orders - not mere token bookings. The Bengaluru-based EV firm oted that its reported sales were genuine transactions, underscoring growing consumer confidence in its products rather than inflated figures from preliminary reservations.

In a buoyant trading session, several heavyweights are driving gains on the Nifty 50 index. Shriram Finance has surged over 5%, leading the pack, followed closely by Titan and Infosys, both up around 4%. Zomato and L&T have added 3.5% each, while Eicher Motors is not far behind, gaining 3.4%.

Out of the 2,700 stocks traded on the Nifty today, 2,104 stocks advanced, while only 530 declined and 66 remained unchanged so far. Furthermore, 80 stocks hit their upper circuits, outpacing the 38 that were locked in lower circuits. Interestingly, 9 stocks managed to scale fresh 52-week highs, while 17 touched their yearly lows.

At this hour, the major losers in the Nifty metal index are Welspun corp, SAIL, Jindal Steel, Vedanta, Jindal Stainless, Tata Steel.

Among the top losers in today’s session so far are PowerGrid, slipping 0.67%, followed by Trent, which is down 0.30%, and Nestlé India, trading 0.18% lower.

"We had refrained from pencilling any levels beyond 21800 yesterday, as we were eying the possibilities of a swing higher. Having achieved the first objective of 22165, we are encouraged to persist with the 22522 objective as well. That said, given the near 70% rise in VIX yesterday, expect turbulence, and a fair tendency to slip towards 22320 after initial rise. We do not see yesterday's gains being given up completely, or filling the previous day's downside gap right away. This puts a consolidation inside 22660-22320 as the preferred play," said Anand James, Chief Market Strategist, Geojit Investments Limited.

"The heightened uncertainty and volatility that has gripped markets worldwide will linger for some more time. There are some significant takeaways from the ongoing chaos. One, the trade war is like to be confined to US and China. Others including EU and Japan have opted for negotiations. India has already started negotiations on a BTA with US. Two, the risk of a recession in the US has increased. Three, China is likely to be the worst-hit economy. Trump’s threat of another 50% tariff on China will, if carried out, almost freeze Chinese exports to US. Four, China will try to dump its products like metals in other countries, and this will keep international metal prices depressed," said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

After a dramatic sell-off sparked by concerns over US President Donald Trump’s sweeping tariffs and their impact on global consumer finances, Asian markets showed signs of recovery on Tuesday. Japan’s Nikkei 225 led the rebound with a near 6% surge in early trading, clawing back some of Monday’s steep 7.8% loss. The broader Topix also saw a sharp 6.2% rise, while South Korea’s Kospi gained nearly 2%. Australia’s ASX 200 followed suit, opening in the green. However, the recovery wasn’t universal as Taiwan’s Taiex tumbled over 5%, extending Monday’s nearly 10% crash.