Markets Kick Off on a Positive Note, Sensex and Nifty Bounce Back
Summary: Indian equity benchmarks Sensex and Nifty opened the week on a strong note, backed by positive global cues and a surge in domestic stocks. The Nifty50 rose 0.62% to 22,536.30, while the Sensex gained 0.61% to 74,275.78.
Introduction: The Indian equity market kicked off the week on a positive note, responding to global cues and domestic stock movements. As of 10:06 AM, the Sensex was up 446.87 points, or 0.61%, and the Nifty50 was at 22,536.30, rising 139.10 points, or 0.62%.
Market Breadth:
• 1,584 stocks advanced on the National Stock Exchange (NSE), out of 2,403 traded during the opening session.
• 39 stocks on the NIFTY50 index were trading in the green, while 11 were in the red.
Broader Market:
• The broader market also opened higher, with Nifty Midcap 100 trading 1% higher at 48,697.65 levels, and Nifty Smallcap 100 advancing 1.02% to 15,049.90 levels.
Stocks in the News:
• IndusInd Bank: Shares of IndusInd Bank surged over 5% after the Reserve Bank of India assured customers that the bank remains "well-capitalised".
• Ola Electric: Shares of Ola Electric Mobility slipped as much as 3.74% after a petition was filed under the Insolvency and Bankruptcy Code (IBC) by an operational creditor.
• SpiceJet: Shares of SpiceJet jumped over 5% after the company announced that its founder and promoter, Ajay Singh, will infuse ₹294.09 crore into the company through the conversion of warrants into equity shares.
Key Highlights:
• Foreign portfolio investors (FPIs) withdrew ₹30,015 crore from the Indian equity market in the first fortnight of March.
• FPIs have offloaded shares worth ₹1.42 lakh crore in 2025 so far.
• The US Fed interest rate decision, tariff-related developments, and foreign investors’ activity will guide the equity market this week.
Conclusion: The Indian equity market began the week on a strong note, backed by positive global cues and buoyant stock performance. As investors await key global events and market developments, it will be essential to monitor the market’s performance and potential trends.
Keywords: Sensex, Nifty, Indian equity market, Global cues, Market breadth, Broader market, Stocks in the news, IndusInd Bank, Ola Electric, SpiceJet.
Hashtags: #Markets #Sensex #Nifty #IndianEquityMarket #GlobalCues #MarketBreadth #BroaderMarket #StocksInTheNews #IndusIndBank #OlaElectric #SpiceJet