Sensex up 899 pts, Nifty at 23,190 as winning streak continues

The domestic share market indices traded on a positive note on Thursday  their winning streak to four sessions,driven by optimism over US Fed’s policy stance. IT stocks led the gains, pushing the indices higher.At close, the Sensex was up 899.01 points or 1.19 percent at 76,348.06, and the Nifty was up 283.05 points or 1.24 percent at 23,190.65. About 2296 shares advanced, 1554 shares declined, and 124 shares unchanged.
Bharti Airtel, Titan Company, Bajaj Auto, BPCL, Britannia Industries were the top gainers on the Nifty, while losers included IndusInd Bank, Bajaj Finance, Trent, Shriram Finance.On the sectoral front,all the sectoral indices ended in the green with metal, media, IT, FMCG, auto, consumer durables, realty, telecom up 1 percent each.BSE Midcap and smallcap indices added 0.5 percent each.
Rupee Close:
On 20 March'25,the Indian rupee rose for the seventh straight session on Thursday, its longest winning streak since January 2024, as persistent dollar sales by foreign banks and paring of short bets on the currency helped it weather a stronger dollar.The rupee rose to a near two-month high of 86.20 per U.S. dollar earlier in the day before closing at 86.36, up 0.1% on the day, according to sources.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying, consistent falls of the US dollar index (DXY) have reduced the intensity of FII selling while DII buying continues to be strong, thus triggering the recent upside. Supportive domestic data indicating a MoM rise in economic activity and the view that more rate cuts are envisaged during the year are adding to the attractiveness of equity. The sustenance of the ongoing rally is expected to stay for the broad market in the short term and then drive based on the outlook on Q4FY25 results, to be released in April.
Market experts recommended these five shares to buy  - Chambal Fertilisers and Chemicals, Eris Lifesciences, General Insurance Corporation of India, Aadhar Housing Finance, and Godrej Industries.

(Business Correspondent)