A man walks near the BSE bronze statue outside the BSE in Mumbai. File | Photo Credit: AP
The benchmark BSE Sensex increased by 740 points, while the Nifty on Wednesday (March 5, 2025) after the 10-day necklace streak on utilities and power shares and after a strong trend in global markets. 30-Syre BSE Sensex rose 740.30 points or 1.01% to close at 73,730.23. The index jumped 943.87 points or 1.29% to hit the Intra-Day High of 73,933.80.
Cutting its record 10-day falling streak, a wide Nifty of NSE was rebound to settle at 254.65 points or 1.15% 22,337.30. During the day, it appreciated a high level of 312.25 points or 1.41% 22,394.90.
Sensx packs, Adani Ports, Tata Steel, Power Grid, Mahindra and Mahindra, NTPC, Tech Mahindra, Tata Motors, ITC, Nestle India, HCL Technologies, Bharti Airtel, State Bank of India, Asian Paints and Kotak were beneficiaries from Mahindra Bank.
Bajaj Finance, IndusInd Bank, HDFC Bank, and Zomato Lagard were.
Mehta Equities Limited, Senior VP (Research), Pacific Tape (Research) Senior VP (Research), Mehta Equity Limited said, “Strong global market signs said in domestic indices that the Trump administration could reverse some tariffs amidst ongoing global trade tensions.”
In addition, local factors such as an increase in the February PMI index also promoted the spirit in the markets, Mr. Tape said.
India’s service sector activity saw a sharp increase in domestic and international demand in February, resulting in a rapid expansion in production and enough increase in employment, a monthly survey said on Wednesday (March 5).
The seasonally adjusted HSBC India Services PMI Business Activity Index indicates a sharp rate of expansion from 56.5 to 59.0 to 59.0 from the 26 -month low of January.
“India’s service business activity index increased to 59.0 in February 2025, above the 26 -month low of 56.5 from the 26 -month -old January. The global demand, which increased at the fastest pace in six months according to the new export trade index, played a major role in increasing the production growth for India’s service sector, ”said HSBC Chief India Economist Pranjul Bhandari.
In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul shut down higher. European markets were trading in a positive field. Wall Street decreased on Tuesday.
Global Oil Benchmark Brent crude declined by 0.49% to $ 70.69 per barrel.
On the other hand, foreign institutional investors (FIIs) launched the price of ₹ 3,405.82 crore on Tuesday (March 4) as per the exchange data.
Published – March 05, 2025 04:58 pm IST
