The Sensex jumped 317.93 points or 0.41%, closing at 77,606.43, while the Nifty50 gained 105.10 points or 0.45%, settling at 23,591.95.
The day saw decent movement on both indices. The Sensex traded in the range of 77,082.51 to 77,747.46, and the Nifty50 touched an intraday low of 23,412.20 and a high of 23,646.45.
The broader market also had a solid day. Small-cap stocks led the charge, with the Nifty Smallcap100 climbing 1.15%, while the Nifty Midcap100 rose 0.37%.
Impact on the stock market
The Nifty PSU Bank index surged 2.50%, thanks to strong performances from Bank of Baroda and Punjab National Bank.
However, it wasn’t all sunshine. Auto and Pharma stocks took a hit. The Nifty Auto index dropped 1.04%, reacting to US President Donald Trump’s announcement of a 25% tariff on all imported vehicles not manufactured in the US. This has raised fears of a global disruption in the automobile supply chain.
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| Sector/Index | Performance |
| IT & BPM sector | 0.57% |
| Healthcare sector | -0.22% |
| Oil & Gas sector | 1.36% |
| Real estate sector | 1.35% |
| PSU Bank in India | 2.50% |
Top gainers today
| Company | Price | Change % |
| Hero Motocorp Share Price | 3,772.05 | 3.46 |
| Bajaj Finserv Share Price | 2,005.75 | 3.21 |
| IndusInd Bank Share Price | 673.55 | 2.78 |
| Adani Enterpris Share Price | 2,363.35 | 2.19 |
| HDFC Life Share Price | 681.90 | 2.02 |
Top losers today
| Company | Price | Change % |
| Tata Motors Share Price | 668.55 | -5.61 |
| Sun Pharma Share Price | 1,731.45 | -1.56 |
| Eicher Motors Share Price | 5,345.75 | -1.07 |
| Bharti Airtel Share Price | 1,724.70 | -0.80 |
| Kotak Mahindra Share Price | 2,128.65 | -0.76 |
Market aftermath: Impact on stocks
BEML rockets 17% after major state-level invite
One of the biggest headlines of the day was BEML’s stock rallying over 17%, closing at ₹3,239 — its highest level in more than a month. The surge came after the Chhattisgarh government invited BEML to set up an advanced mining equipment manufacturing plant in the state.
At the Investor Connect event in Bengaluru, Chhattisgarh CM Vishnu Deo Sai handed over an official investment invitation to BEML’s leadership. The proposed facility will manufacture high-performance dump trucks, water sprinklers, and motor graders — signalling a strong push towards infrastructure and mining sector development.
This strategic partnership not only strengthens BEML’s future revenue prospects but also puts Chhattisgarh on the map as a rising industrial hub with pro-business policies and ease-of-doing-business reforms.
Also read: BEML signs strategic partnership with STX Engine Ace News
Adani Energy surges 7% on transmission deal
Adani Energy Solutions saw its stock price shoot up by over 7%, trading at around ₹860 — its highest level in 2025 so far. The boost followed the announcement of a Share Purchase Agreement with REC Power Development and Consultancy, a subsidiary of PSU giant REC.
Through this deal, Adani Energy will acquire a 100% stake in Mahan Transmission Limited (MTL). MTL will play a crucial role in evacuating 1,230 MW of power from Adani Power’s upcoming units in Madhya Pradesh’s Singrauli district into the state grid.
The move fits well into Adani Energy’s broader strategy of expanding organically and inorganically. The acquisition strengthens Adani’s transmission portfolio and signals the group’s growing control over India’s power infrastructure.
GAIL India rises 3.43% amid volume surge
GAIL India also turned heads today with a 3.43% jump, closing at ₹180.25. The rise was accompanied by a significant spike in trading volumes, which analysts are calling a “volume shocker”. Such an unusual activity often points to institutional buying or major investor interest.
Looking at fundamentals, GAIL has been doing well lately. For the quarter ending December 2024, the company reported:
- Revenue: ₹36,834.73 Cr
- Net profit: ₹3,690.89 Cr
- EPS: ₹6.21
The sentiment around the stock remains bullish to very bullish, with consistent positive movement over the past week. GAIL’s presence in major indices like Nifty 500, Nifty Infra, and Nifty Oil & Gas further supports its steady appeal among institutional investors.
Crude oil creeps up as US stockpiles fall
Crude oil futures edged higher today, as US oil inventories dropped significantly.
- Brent June futures rose to $73.18
- WTI May futures climbed to $69.79
- On MCX, April contracts traded at ₹6004, up from ₹5991
The US Energy Information Administration (EIA) reported a 3.3 million barrel decline in crude inventories for the week ending March 21. That puts total US stock at 5% below the five-year average for this time of year.
But there’s a twist. On Wednesday, US President Trump announced a 25% tariff on imported cars and parts, effective April 2. Since the auto industry is a major consumer of crude oil, this has sparked concerns about a potential drop in oil demand globally.
Yet, for now, the market seems to be balancing the supply drop in US stockpiles with demand-related uncertainties triggered by the tariff.
Conclusion
Today’s market action wasn’t just about indices going green. It was about momentum shifting in favour of strategic sectors, state-level industrial boosts, and bold corporate moves.
From BEML’s manufacturing ambitions in Chhattisgarh, Adani Energy’s infrastructure play, to GAIL’s strong fundamentals, and global oil cues, there was a lot packed into the trading session.
As global developments continue to unfold — from US tariffs to energy deals — Indian investors should stay tuned for more ripples across sectors. For now, today was a good day for the bulls.
Stay tuned for more such share market news and daily insights right here at StockGro.
