The BSE Sensex soared by 1,397.07 points or 1.81%, closing at 78,583.81 after hitting an intraday high of 78,658.59. Meanwhile, the NSE Nifty50 surged 387.20 points or 1.62% to settle at 23,739.25, trading within a range of 23,762.75 to 23,423.15 during the session.
Index heavyweight Reliance Industries played a crucial role in this rally, gaining 2.97% to close at ₹1,282.90. A total of 39 out of 50 Nifty stocks ended in the green, signaling strong market breadth.
Midcaps and smallcaps performed well: The Nifty Midcap100 index gained 1.56%, and the Nifty Smallcap100 index ended 1.09% higher.
Impact on the stock market
Sectoral Indices: Banking and Financials Lead the Charge
The rally was broad-based, with most sectoral indices closing in positive territory.
- Banking stocks dominated: The Nifty PSU Bank and Private Bank indices surged over 2% each, while Bank Nifty gained 1.93%, closing at 50,157.95.
- Financial services & oil stocks: Nifty Financial Services and Nifty OMCs (Oil Marketing Companies) indices each climbed over 2%.
- Other sectors: Nifty Metal, Pharma, and Healthcare indices also gained over 1% each.
- The only loser: Nifty FMCG was the only sector to close in the red, dipping 0.25%.
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| Sector/Index | Performance |
| IT & BPM sector | 1.29% |
| Healthcare sector | 0.55% |
| Oil & Gas sector | 2.70% |
| Real estate sector | 0.55% |
| PSU Bank in India | 2.41% |
Top gainers today
| Company | Price | Change % |
| Shriram Finance Share Price | 576.75 | +5.60 |
| Larsen Share Price | 3,439.15 | +4.56 |
| Bharat Elec Share Price | 284.50 | +3.78 |
| Adani Ports Share Price | 1,125.10 | +3.71 |
| IndusInd Bank Share Price | 1,047.15 | +3.40 |
Top losers today
| Company | Price | Change % |
| Trent Share Price | 5,750.30 | -6.27 |
| Britannia Share Price | 5,028.35 | -1.51 |
| Hero Motocorp Share Price | 4,237.10 | -1.16 |
| Nestle Share Price | 2,299.45 | -0.76 |
| Eicher Motors Share Price | 5,450.10 | -0.64 |
Market aftermath: Impact on stocks
Asian Paints: A Tough Quarter Amid Weak Demand
Asian Paints reported a 23% drop in net profit to ₹1,128 crore for Q3FY25, compared to ₹1,475 crore in the year-ago period. Revenue declined 6% to ₹8,549 crore, reflecting muted demand and a weak festive season.
Despite these numbers, Asian Paints’ stock rose nearly 4% to ₹2,378, though it has lost about 30% since October 2024. Analysts had expected the company’s earnings dip, but the stock movement suggests that much of the bad news was already priced in.
Mobikwik Swings to a Loss in Q3
Fintech firm Mobikwik swung into the red, reporting a loss of ₹55 crore in Q3FY25 after posting a net profit of ₹5.2 crore in the same period last year.
Despite the loss, Mobikwik’s revenue grew by 18% to ₹269 crore, up from ₹229 crore in the year-ago quarter. However, rising expenses (up to ₹317 crore from ₹221 crore) and an EBITDA loss of ₹48 crore dented investor confidence.
Also read: Mobikwik Q2 Results 2025: Key Highlights
Power Grid Slips on Weaker Earnings
Power Grid shares declined over 1% after reporting a 4% drop in net profit to ₹3,862 crore in Q3FY25, compared to ₹4,028 crore a year earlier. While the drop wasn’t drastic, it reflected weaker demand and operational challenges, leading to investor concerns.
Crude Oil Update: Prices Fall as Trump Delays Tariffs
Crude oil futures saw a decline after Donald Trump postponed tariffs on Canada and Mexico by a month.
- Brent crude (April futures) fell 0.59% to $75.51 per barrel.
- WTI crude (March futures) dropped 1.16% to $72.31 per barrel.
- On India’s MCX, February crude oil futures fell 0.43% to ₹6307, while March futures dropped 0.30% to ₹6281.
The tariff delay followed discussions between the US, Canada, and Mexico on border security and trade relations. Despite this, OPEC+ maintained its production policy, with plans to bring back 2.2 million barrels per day of supply from April.
Conclusion: A Strong Day, But Can the Rally Sustain?
The Indian stock market had a fantastic run today, with broad-based buying and strong gains in banking, financial, and oil sectors. Midcaps and smallcaps joined the rally, while FMCG stocks struggled.
With ongoing corporate earnings, global crude oil movements, and policy updates from the US and OPEC, market sentiment remains dynamic. Investors should stay cautious and watch for further cues from earnings and global macroeconomic trends.
Will this rally sustain, or are we in for more volatility? The coming sessions will provide more clarity!
For more stock market insights, check out the StockGro blog.
