The BSE Sensex ended the day at 74,227.08, up by 1,089.18 points, or 1.49%. Meanwhile, the NSE Nifty50 gained 374.25 points, or 1.69%, closing at 22,535.85. This significant surge marked a recovery after concerns about US President Donald Trump’s reciprocal tariffs and potential trade wars led to market sell-offs in recent days.
The Nifty Midcap and Smallcap indices also joined the rally, advancing by 1.87% and 2.18%, respectively. These gains reflect investor optimism and a broader market recovery.
The rally in Indian indices mirrored a similar rise across Asian markets, with major indices like Japan’s Nikkei 225, Shanghai Composite, and Hong Kong’s Hang Seng also showing strong performances.
Impact on the stock market
The key sectoral indices that pushed the market forward included the Nifty Financial Services, FMCG, IT, PSU Bank, Auto, and Realty, all of which saw strong growth.
Specifically, the Nifty Financial Services and FMCG sectors rose by 2%, while Nifty IT, PSU Bank, Auto, and Realty gained 1.5% to 2%. These sectors showed robust performances, particularly in financial services, FMCG, and IT stocks.
The auto sector also experienced a significant recovery, benefiting from the overall positive sentiment in the market.
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| Sector/Index | Performance |
| IT & BPM sector | 1.76% |
| Healthcare sector | 1.65% |
| Oil & Gas sector | 2.20% |
| Real estate sector | 2.47% |
| PSU Bank in India | 2.64% |
Top gainers today
| Company | Price | Change % |
| Jio Financial Share Price | 224.81 | 5.29 |
| Shriram Finance Share Price | 641.45 | 4.47 |
| Cipla Share Price | 1,432.55 | 3.46 |
| Bharat Elec Share Price | 281.45 | 3.44 |
| Titan Company Share Price | 3,122.30 | 3.31 |
Top losers today
| Company | Price | Change % |
| Power Grid Corp Share Price | 288.95 | -0.16 |
Market aftermath: Impact on stocks
IGL shares slip on Delhi government’s draft EV policy
Shares of Indraprastha Gas Ltd (IGL) dropped by 5% on March 8, 2025, following the Delhi government’s announcement regarding the draft of the EV Policy 2.0. The policy recommends that private car owners must purchase electric vehicles (EVs) only if they already own two vehicles. Additionally, the policy mandates the phasing out of CNG-driven autorickshaws by August 2025. This new development led to a sell-off in IGL’s shares, with the stock falling to ₹ 178.72 per share.
IGL derives approximately 30% of its volumes from CNG, primarily from cars. The policy’s potential long-term implications, particularly the phased shift from CNG to EVs, raised concerns about its future market share and growth potential.
Despite the short-term dip, analysts believe that IGL will continue to benefit from its strong customer base, but the EV policy introduces some uncertainty regarding its future growth trajectory.
Also read: Indraprastha Gas Stock Rises 4%: Bonus Shares Issue
Mazagon Dock sees turnover rise 14%, declares dividend
On a brighter note, Mazagon Dock Shipbuilders saw its stock surge nearly 3% on March 8, 2025, following the announcement of a 14% rise in turnover for FY25. The company’s turnover reached approximately ₹ 10,775 crore, up from ₹ 9,466 crore in FY24. Mazagon Dock also declared a second interim dividend of ₹ 3 per share for FY25, which contributed to a boost in investor confidence.
Despite a previous sharp sell-off of around 10% on March 7, 2025, the company’s strong revenue growth and dividend announcement helped the stock recover. Mazagon Dock’s shares are now up nearly 6% in 2025 so far, though they’ve fallen over 6% in the past five days. The company’s performance signals strong operational growth, and investors are optimistic about the upcoming earnings and long-term prospects.
You may also read: Mazagon Dock Shipbuilders Outlook for FY25 – StockGro
Info Edge shares jump after strong billing performance
Shares of Info Edge surged by nearly 5% on March 8, 2025, after the company reported a 19% YoY growth in billings for Q4 FY25. The company, known for its flagship recruitment platform Naukri.com, posted a rise in billings to ₹ 983.8 crore from ₹ 826.9 crore in Q4 FY24. The growth was led by Naukri.com’s strong performance, which saw 18% YoY growth in billings, and its 99acres business, which saw a nearly 22% YoY increase.
Despite this positive performance, Info Edge shares have fallen 24% so far in 2025, reflecting broader market trends. The stock remains significantly below its 52-week high of ₹ 9,128.9, which was hit in January 2025. The recent stock split announced by Info Edge could help improve liquidity and attract retail investors, which might help the stock recover in the medium term.
Crude oil futures recover after Monday’s fall
In the commodities market, crude oil futures saw a recovery on March 8, 2025, after experiencing heavy losses in previous sessions. Brent crude futures were up by 1.45%, trading at $65.14 per barrel, while WTI crude futures rose by 1.58% to $61.66 per barrel. The rise followed a recent sell-off that was triggered by fears of escalating US-China trade tensions and potential global recession risks.
This recovery in crude prices is significant as it could have a direct impact on Indian stock markets, particularly on OMCs (Oil Marketing Companies). As global crude prices remain volatile, investors are keeping a close eye on the commodity’s price movements, especially given the significant role of oil in India’s economic landscape.
Conclusion
In summary, the Indian stock market had a positive day, rebounding from recent losses with the Sensex and Nifty showing impressive gains. The rally was driven by strong performances across sectors such as financial services, IT, and auto, alongside positive global cues.
However, specific stocks like IGL experienced declines due to concerns surrounding the Delhi government’s new EV policy.
Mazagon Dock and Info Edge were among the top gainers, showing strong growth in their respective segments. Crude oil prices also recovered, which might further influence market sentiment in the coming days.
As we await more economic data and the RBI’s MPC meeting, the market’s outlook remains cautiously optimistic, with investors focused on global and domestic developments that could shape the future.
For more stock market insights, check out the StockGro blog.
