Sensex up 1,205 pts, Nifty above 23,300 amid broad based buying

The domestic share market traded positive on Wednesday supported by broad based buying across sectors and in the broader markets.At close, the Sensex was up 1,205 points or 1.63 percent at 75,273.45, and the Nifty was up 394.05 points or 1.72 percent at 23,306.45.
Shriram Finance, UltraTech Cement, Grasim Industries, Bajaj Finance, Adani Enterprises were the top gainers on the Nifty, while losers included Tech Mahindra, TCS, Bharat Electronics, Power Grid Corp.On the sectoral front,all the sectoral indices ended  in the green with consumer durable index surged 3.5%, while realty, pharma, PSU Bank, metal, auto, FMCG, capital goods up 2% each.Nifty Midcap index added 2.3% and smallcap index rose 2.6%.
The market will remain shut on Thursday, March 26, on account of Shri Ram Navami holiday.
Rupee Close:
On 25 Mar'26,the Indian rupee weakened slightly on Wednesday but held off pressure from dollar demand linked to maturing non-deliverable forwards and foreign portfolio outflows, as the central bank intervened to support the currency.The rupee hovered near its record low of 93.98 per dollar through the session before closing at 93.9775, down 0.1%, according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,markets continued to build on the previous day’s momentum as global risk sentiment improved, with hopes of peace emerging on the radar. Potential diplomatic progress between the US and Iran—despite mixed geopolitical commentary—led to easing crude oil prices below $100, which was welcomed by the market.Early signs of normalisation in maritime movement through the Strait of Hormuz are likely to further support investor confidence, although it may be early to comment. The domestic rally was broad-based, supported by value-driven buying across sectors.India’s valuation premium, which had remained elevated for some time, has corrected to more reasonable levels, offering investors greater comfort at current market levels.
Market experts recommended five shares to buy on Wednesday- Schneider Electric Infrastructure, CCL Products (India), Sterlite Technologies, Granules India, and Alivus Life Sciences.

(Business Correspondent)