Nifty above 24,750, Sensex up 900 pts, metals, infra stocks rally

The Indian share market rebounded on Thursday, with the Sensex rising more than 1,100 points in early trade after an Iranian Deputy Foreign Minister said the country is ready to abandon its nuclear program if the US fulfils some conditions, besides other key factors boosting markets. This came after stock markets saw a massive selloff in the previous sessions, driven by geopolitical tensions.At close,the Sensex was up 899.71 points or 1.14 percent to settle at 80,015.90,while Nifty climbed 285.40 points or 1.17 percent to end at 24,765.90.
Reliance Industries, State Bank of India and HDFC Bank were among the top gainers on the Nifty, while lovers included Tata Consumer Products and Nestle India.On the sectoral front,all major sectoral indices traded higher except IT and FMCG. The Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.5 percent.
Rupee Close:
On 5 Mar'25,the Indian rupee rebounded from its lowest level and settled with a gain of 45 paise at 91.60 against U.S. dollar on Thursday  on the back of a buying trend in domestic equity markets and reports of Reserve Bank intervention.According to forex analysts, the Reserve Bank seems to have intervened to help the local currency from extreme volatility due to uncertainties on the ongoing war involving the U.S., Israel and Iran.However, a firm dollar, rising crude oil prices and intense withdrawal of foreign funds kept the rupee under pressure, they said.
Trading Guide:
Market experts recommended to buy five shares on Thursday- United Breweries, Zen Technologies, Coal India, Aster DM Healthcare, and Kirloskar Oil Engines.

(Business Correspondent)