Ira Singh 
The Indian equities extended gains, with Nifty 50 climbing to a two-week high above 22,500 and Sensex closing above 74,000 on Thursday driven by strong cues from Asian markets after U.S. President Trump delayed auto tariffs. RBI’s liquidity-boosting measures further supported the market’s upward momentum. At close, the Sensex was up 609.86 points or 0.83 percent at 74,340.09, and the Nifty 50 was up 207.40 points or 0.93 percent at 22,544.70. The BSE Midcap index rose 0.6 percent and smallcap index added 1.6 percent.
Asian Paints, Coal India, Hindalco Industries, BPCL, NTPC were the top gainers on the Nifty, while losers included Tech Mahindra, Trent, Bharat Electronics, HDFC Life, Kotak Mahindra Bank.On the sectoral front,all the sectoral indices ended in the green expect the real estate index, with FMCG, metal, oil & gas, pharma rising between 1-2 percent.
Rupee Close:
On 06 Mar'25,the Indian rupee failed to sustain its gaining momentum and fell 5 paise to 87.11 against the US dollar in early trade on Thursday,as a lower American currency and crude oil prices failed to boost sentiment amid volatile equity markets and foreign funds outflow.
The local currency found support initially amid the move by the United States to delay implementation of higher tariffs on Canada and Mexico, forex traders said. Also, the Reserve Bank of India (RBI)'s decision to infuse Rs1.9 trillion liquidity into the banking system added strength to the domestic unit, according to information. However, they reportedly stated, volatile equity markets played a spoilsport and pushed back the local unit to the negative territory.
Expert Outlook:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,the Indian indices exhibited resilience, owing to positive global cues following Trump’s softened tariff stance on automakers from Canada & Mexico amidst the weakening dollar index. Additionally, a correction in crude oil prices, influenced by a slowdown in demand and further economic stimulus from China, ignited optimism in the energy and metals sectors. Gains were further supported by strength in heavyweight banking and consumption stocks driven by improved liquidity conditions.
(Business Correspondent)
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