The 30-share Sensex ended the day at 76,348.06, marking a rise of 899.01 points or 1.19%. The index traded within the range of 75,684.58 to 76,456.25 during the day, demonstrating steady growth and investor confidence.
Similarly, the Nifty50 also had an impressive performance, closing at 23,190.65, up by 283.05 points or 1.24%. It reached a high of 23,216.70 and a low of 22,973.95, clearly showing bullish sentiments throughout the trading session.
Overall, Thursday’s session ended on a high note for investors, with strong buying activity in various sectors, leading to significant gains in the broader market.
The Nifty Midcap100 and Nifty Smallcap100 indices also joined the rally, rising by 0.64% and 0.70%, respectively, showing that even mid and small-cap stocks are thriving in this strong market environment.
Impact on the stock market
All the sectoral indices on the NSE ended on a positive note. Notably, the Nifty IT, Auto, FMCG, Metal, Media, Realty, Oil & Gas, Consumer Durables, and Healthcare indices all settled higher by over 1%. This broad-based rally across sectors reflected widespread optimism in the market.
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| Sector/Index | Performance |
| IT & BPM sector | 1.25% |
| Healthcare sector | 1.12% |
| Oil & Gas sector | 1.59% |
| Real estate sector | 1.07% |
| PSU Bank in India | 0.42% |
Top gainers today
| Company | Price | Change % |
| Bharti Airtel Share Price | 1,705.25 | 4.16 |
| Titan Company Share Price | 3,193.10 | 3.80 |
| Britannia Share Price | 4,831.10 | 2.63 |
| BPCL Share Price | 272.13 | 2.59 |
| Bajaj Auto Share Price | 7,920.00 | 2.57 |
Top losers today
| Company | Price | Change % |
| IndusInd Bank Share Price | 684.10 | -1.24 |
| Bajaj Finance Share Price | 8,679.65 | -0.59 |
| Trent Share Price | 5,221.55 | -0.18 |
| Shriram Finance Share Price | 667.90 | -0.01 |
Market aftermath: Impact on stocks
Hindustan Copper’s surge
One of the standout performers today was Hindustan Copper, whose shares surged by 6% following a major spike in copper prices. Copper prices crossed the $10,000 mark due to reduced supply ahead of potential tariffs imposed by the U.S. government.
Traders rushed to send as much metal to the U.S. as possible, which significantly pushed up prices. Hindustan Copper’s stock price hovered around ₹235 in afternoon trade, benefiting from the global surge in copper prices, particularly after President Donald Trump’s proposed 25% tariff on copper imports.
Polycab, Havells drop after Adani’s entry into cables & wires business
The entry of Adani Group into the cables and wires industry has shaken up existing market players like Polycab India and Havells India. On March 20th, shares of Polycab dropped 6.59%, while Havells India saw a 5.4% decline. This drop followed the announcement that Adani Enterprises formed a joint venture, Praneetha Ecocables Limited (PEL), with Praneetha Ventures. The new company will manufacture, market, and distribute cables and wires, a market currently dominated by companies like Polycab, Havells, and KEI Industries.
The announcement sent shockwaves through the industry, as Adani Group’s entry creates fresh competition for these established players. Polycab shares, in particular, had fallen 13.68% in the last month alone, signaling investor concern over the competition posed by the new venture.
Avenue Supermarts’ growth
Another notable stock today was Avenue Supermarts, the parent company of DMart, which saw its share price rise after it announced an investment of ₹175 crore in its e-commerce arm, Avenue E-Commerce Limited.Â
The stock traded at ₹3,879.45, slightly higher than its previous closing of ₹3,845.55, showing positive investor sentiment. This investment is expected to strengthen DMart’s online presence, further boosting its growth potential.
Also read: Avenue Supermarts Share Price Hits Upper Circuit with 10
Crude oil’s impact on the market
Crude oil prices also played a key role in the day’s market movements. Brent crude futures rose by 0.62%, trading at $71.22, while WTI crude was up by 0.63% at $67.33. The increase was driven by a decline in U.S. gasoline and distillate inventories, as reported by the U.S. Energy Information Administration (EIA).
This reduction in inventories, combined with rising geopolitical tensions, particularly in the Middle East, supported the upward trend in oil prices.
The EIA report showed a drop of 0.5 million barrels in gasoline inventories and a more significant 2.8 million barrel decrease in distillates for the week ending March 14, indicating tighter supply. However, U.S. crude oil inventories increased by 1.7 million barrels, which had a marginally supportive effect on oil prices.
The rising oil prices could have a broader impact on inflation and energy costs in India, especially as global crude prices move upward in response to tightening supply.
Conclusion
Today was a positive day for the Indian stock market, with major indices closing higher, led by strong performances across sectors and individual stocks. The Sensex rose by 1.19%, while the Nifty50 gained 1.24%. A positive sectoral performance, especially in IT, auto, and FMCG, fueled the growth.
Notable stock-specific movements included Hindustan Copper, which benefitted from a surge in copper prices, and Avenue Supermarts, which gained on news of a significant investment in its e-commerce arm.
In the commodities market, crude oil prices rose as inventory declines pointed to tightening supply, further influencing the market’s overall direction.
As the market continues to react to both domestic and global factors, investors will be watching these developments closely to gauge the sustainability of the current rally.
Stay tuned for more such share market news and daily insights right here at StockGro.
