Sensex rallies 740 pts, Nifty up 1.4% as Bulls return after 10-day decline

The domestic share market traded higher on Wednesday, supported by a rebound in Asian stocks, after Nifty’s longest losing streak in 30 years on Tuesday, amid concerns over global trade disruptions caused by U.S. tariff impositions.With Wednesday's gain, Sensex also broke a three-day losing streak, according to information. At close, the Sensex was up 740.30 points or 1.01 percent at 73,730.23, and the Nifty was up 254.65 points or 1.15 percent at 22,337.30.

Adani Ports, Power Grid, M&M, Tata Steel, Adani Enterprises were the top gainers on the Nifty, while losers included Bajaj Finance, HDFC Bank, Grasim Industries, IndusInd Bank and Shriram Finance.On the sectoral front,all the sectoral indices ended in the green with PSU Bank, media, telecom, metal and power indices rose 3 percent each.Broader indices continued the outperformance with BSE Midcap and Smallcap indices gainsing 2.5 percent each.

 Rupee Close: 

On 5 Mar'25,the Indian rupee closed 0.3% higher at 86.96 against the U.S. dollar on Wednesday, its best single-day gain since February 11, according to sources,as a broadly weaker U.S. dollar spurred gains in most Asian currencies, with investors fretting over a slowdown in the U.S. and how trade tariffs may impact the world's largest economy.

Vinod Nair, Head of Research, Geojit Financial Services repeatedly quoted as saying,emerging markets, including India, witnessed a relief rally, supported by a weakening US dollar. This upward momentum occurred despite the imposition of US tariffs on Mexico, Canada, and China, as well as the looming threat of retaliatory measures. While the long-term consequences of the ongoing trade conflict remain uncertain, elevated US inflation in the near term could reduce the likelihood of an interest rate cut.Domestically, broad-based buying was observed across sectors such as Auto, Metals, and IT, driven by bargain- hunting opportunities. However, the sustainability of this recovery remains uncertain amid escalating global trade tensions and their potential long-term economic ramifications.

Market experts have recommended five shares to buy -TAJGVK Hotels & Resorts Ltd, InterGlobe Aviation Ltd (Indigo), SRF Ltd, Max Financial Services Ltd, and Amber Enterprises India Ltd.