The BSE Sensex soared 740.30 points (1.01%) to settle at 73,730.23, after touching an intraday high of 73,933.80. Meanwhile, the NSE Nifty50 jumped 254.65 points (1.15%) to close at 22,337.30, breaking its 10-day losing streak—the longest since 1996.
The rebound came after Nifty50 had lost 3.8% (877 points) over the past 10 sessions. The market had struggled with a mix of global and domestic uncertainties, but today’s surge suggests a renewed buying interest, particularly in sectors like metals, IT, auto, and PSU banks.
Broader markets outperformed the front-line indices:
Market breadth was heavily in favour of gainers, with 3,116 stocks rising, 734 declining, and 85 remaining unchanged.
Impact on the stock market
The rally was broad-based, with all 13 sectoral indices ending in the green. Here’s a breakdown of the key sectoral performances:
- Nifty Metal Index: Up 4.04% – Led by strong gains in Tata Steel and Adani Enterprises, metal stocks surged after China’s economic outlook provided a boost to commodity prices.
- Nifty PSU Bank Index: Up over 3% – Banking stocks rebounded strongly after a long period of underperformance.
- Nifty Media Index: Up over 3% – Media stocks saw a strong buying interest, contributing to market recovery.
- Nifty IT Index: Up over 2% – IT stocks bounced back after being pushed to an 8-month low due to global tech sector weakness.
- Nifty Auto, Oil & Gas, Realty Indices: All up over 2% – Auto stocks saw fresh buying interest, helping the broader market sustain gains.
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| Sector/Index | Performance |
| IT & BPM sector | 2.13% |
| Healthcare sector | 1.61% |
| Oil & Gas sector | 2.26% |
| Real estate sector | 2.32% |
| PSU Bank in India | 3.00% |
Top gainers today
| Company | Price | Change % |
| Adani Ports Share Price | 1,112.70 | 5.18 |
| Tata Steel Share Price | 146.10 | 4.85 |
| Adani Enterpris Share Price | 2,245.85 | 4.71 |
| M&M Share Price | 2,726.60 | 4.33 |
| Power Grid Corp Share Price | 264.40 | 4.09 |
Top losers today
| Company | Price | Change % |
| Bajaj Finance Share Price | 8,298.70 | -3.35 |
| IndusInd Bank Share Price | 971.85 | -1.59 |
| HDFC Bank Share Price | 1,690.00 | -1.17 |
| Shriram Finance Share Price | 631.30 | -0.25 |
| Grasim Share Price | 2,391.65 | -0.13 |
Market aftermath: Impact on stocks
Avanti Feeds hits a 52-week high
Avanti Feeds’ stock surged 10% to hit a 52-week high of Rs 810. The surge followed its subsidiary Avanti Pet Care Pvt. Ltd. entering the pet food market with the launch of its cat food brand, “Avant Frust,” in Hyderabad. The stock has been resilient despite recent market volatility, gaining 16% year-to-date.
In a major development, IIFL Facilities Services Limited acquired 59.77 lakh shares (4.39%) at Rs 728 per share, while Thai Union Asia Investment Holding Limited offloaded an identical stake at the same price.
Avanti Feeds also posted strong Q3 FY25 earnings:
- Net profit surged 87% YoY to Rs 135.21 crore
- Revenue from operations grew 9% YoY to Rs 1,365.77 crore
- Shrimp feed segment revenue rose 12% YoY to Rs 1,041.63 crore
- Processed shrimp sales remained flat at Rs 321 crore
Also read: Avanti Feeds reports 69% Jump in Q3 consolidated net profit
Patanjali Foods snaps 7-day losing streak
Patanjali Foods’ shares rebounded 1.56%, hitting an intraday high of Rs 1,759.90 per share on the NSE. The recovery came after LIC (Life Insurance Corporation of India) increased its stake to 7.06%, acquiring an additional 2.04% stake through the open market.
The stock had been on a 7-day losing streak, shedding nearly 7% in value. Patanjali Foods was recently added to the NSE Futures & Options (F&O) segment, along with Tata Tech, Amara Raja Energy & Mobility, and Titagarh Rail Systems.
IT, auto, and metal stocks lead the comeback
Investors poured money into IT, auto, and metal stocks, pushing the market higher:
- IT stocks attracted fresh buying interest after falling to an 8-month low.
- Metal stocks surged following a positive economic outlook from China.
- Auto stocks rebounded sharply after weeks of sluggish performance.
While the recovery was impressive, some market experts remain cautious. Kranthi Bathini, Director at WealthMills Securities, warned that today’s rally may not necessarily indicate a trend reversal. He pointed out that the sentiment will only shift decisively if Nifty climbs above 23,000.
Crude oil struggles amid global uncertainty
While the stock market was booming, crude oil prices remained under pressure due to rising supply concerns and uncertainty around US tariffs:
- Brent crude (May futures) fell 0.41% to $70.75 per barrel.
- WTI crude (April futures) dropped 0.95% to $67.61 per barrel.
- On MCX, crude oil futures were down 0.91%, trading at ₹5,906 per barrel.
OPEC+ decided to gradually return 2.2 million barrels per day to the market starting April 1, but with the flexibility to adjust if needed. The US administration’s decision to give Chevron until April 3 to wind down operations in Venezuela added another layer of uncertainty, with 200,000 barrels per day of supply at risk.
Conclusion
After a historic 10-day losing streak, the Indian stock market made a strong comeback on March 5, 2025, with Sensex surging 740 points and Nifty50 climbing 254 points. All 13 sectoral indices ended in the green, led by metals, IT, auto, and PSU banks.
Stock-specific action saw Avanti Feeds hitting a 52-week high, Patanjali Foods snapping a 7-day losing streak, and broader market indices outperforming front-line indices.
However, global uncertainties, including rising crude oil supply and tariff concerns, could impact market sentiment in the coming sessions. Experts caution that for a sustained rally, Nifty needs to climb past 23,000.
Will the bulls continue their charge, or is this just a temporary relief rally? Only time will tell. Stay tuned for more updates!
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