Is This Correction Over? Market Recovers, Nifty up (1.15%) to 22,337.30

        




 On March 5, 2025, India's benchmark indices, the BSE Sensex and the Nifty 50, rebounded strongly, ending a 10-day losing streak. The Sensex surged by 740.30 points (1.01%), closing at 73,730.23, while the Nifty 50 gained 254.65 points (1.15%), ending at 22,337.30.


Key highlights from the day's trading:

  • Information Technology (IT) Sector: The IT index rose by 2%, recovering some of its recent 8.4% decline. Major IT stocks like Coforge (up 8.3%), Persistent Systems (up 4.6%), and Infosys (up 1.37%%) saw significant gains.


    Power Sector: NTPC Ltd. shares surged by 3.97% to 326.20 Indian rupees, outperforming competitors such as Tata Power Co. Ltd. (up 1.58%) and Torrent Power Ltd. (up 2.71%) to 1311.25 INR.

  • Financial Sector: Bajaj Finance Ltd. experienced a decline of 3.35%, closing at 8,298.70 INR, underperforming the broader market.


Additionally, the Nifty Metal index recorded its best single-day gain in two months, rising by 3%. Hindustan Copper led this surge, influenced by China's announcement of a 5% growth target for 2025 amidst escalating trade tensions with the U.S.


Overall, the market sentiment improved following recent declines, with value buying observed across various sectors. However, analysts advise caution due to ongoing global trade uncertainties and potential policy changes. There seem to have no clue where the market is heading towards.



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