Nifty breaks 10-day shedding touch, Sensex closes

Benchmark BSE Sensex rose by 740 factors while Nifty broke a 10-day losing touch on Wednesday adhering to worth acquiring in energies and power shares and a solid fad in worldwide markets. The 30-share BSE Sensex rose by 740.30 factors or 1.01 percent to shut at 73,730.23. The index leapt 943.87 factors or 1.29 percent to strike an intra-day high of 73,933.80.

Cutting brief its document 10-day dropping touch, the more comprehensive Nifty of NSE rebounded by 254.65 factors or 1.15 percent to work out at 22,337.30. During the day, it valued by 312.25 factors or 1.41 percent to a high of 22,394.90.

From the Sensex pack, Adani Ports, Tata Steel, Power Grid, Mahindra & & Mahindra, NTPC, Tech Mahindra, Tata Motors, ITC, Nestle India, HCL Technologies, Bharti Airtel, State Bank of India, Asian Paints and Kotak Mahindra Bank were the gainers.

Bajaj Finance, In dusIn d Bank, HDFC Bank, and Zomato were the laggards.

“Strong global market cues led the recovery in domestic indices as talks that the Trump administration could reverse some tariffs amidst the ongoing global trade tensions buoyed sentiment,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, stated.

Also, regional variables such as a boost in the February PMI index additionally improved the belief on the market, Tapse stated.

India’s solutions field task experienced a sharp uptick in February improved by boosting residential and worldwide need, which led to a quicker development in result and a significant boost in work, a regular monthly study stated on Wednesday.

The seasonally readjusted HSBC India Services PMI Business Activity Index climbed from January’s 26-month low of 56.5 to 59.0 in February, suggesting a sharp price of development.

“India’s services business activity index rose to 59.0 in February 2025, up considerably from January’s 26-month low of 56.5. Global demand, which grew at its fastest pace in six months according to the new export business index, played a major role in driving output growth for India’s services sector,” stated Pranjul Bhandari, Chief India Economist at HSBC.

In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul shut greater. European markets were selling the favorable area. Wall Street finished lower on Tuesday.

Global oil standard Brent crude reduced 0.49 percent to USD 70.69 a barrel.

On the various other hand, Foreign Institutional Investors (FIIs) unloaded equities worth Rs 3,405.82 crore on Tuesday, according to exchange information.