The Indian stock market staged a solid comeback on Thursday, March 05, following a steep three-day sell-off that shook investor confidence. Even with persistent tensions in the Middle East, key indices recovered sharply, bringing a sense of relief to the trading floor.
The Nifty 50 surged 285 points to close at 24,765, while the Sensex climbed 1.14% to 80,015. Broad markets also participated in the rally. The Nifty Midcap 100 and Nifty Smallcap 100 rose over 1.4%, reflecting a widespread recovery across sectors.
Market Performance: Sectors in the Green
All major sectoral indices ended the day in positive territory:
- Nifty Metal led the charge, up 2.21%
- Nifty Consumer Durables surged 2%
- Nifty Auto, Nifty Realty, Nifty Oil & Gas, Nifty Pharma, Nifty Chemicals, and Nifty Media gained over 1%
- Nifty IT was the only laggard, down 0.72%, affected by the strengthening Indian rupee
The session highlighted a rotation into metals, consumer durables, and industrial stocks, as investors sought value after recent corrections.
Key Movers: LT Foods Tops Gainers
Among Nifty 500 stocks, several names stood out:
- LT Foods jumped 17% to ₹430, emerging as the top gainer
- Defence and shipbuilding stocks rallied sharply:
- Mazagon Dock Shipbuilders +8.9%
- Cochin Shipyard +3.6%
- Garden Reach Shipbuilders +4.4%
- Navin Fluorine International surged 7.4% to ₹6,527
- SJVN rose 7% to ₹73
- Nalco, benefiting from rising global aluminium prices, climbed 6.5% to ₹397
- Other metals like Sarda Energy & Minerals, Hindalco, and Lloyds Metals & Energy gained between 3.4% and 4%
- Blue Star bounced 5.6% to ₹1,946, and Natco Pharma rose 5% to ₹1,000, marking a notable high since June 2025
Capital goods stocks also joined the rally: Elgi Equipments, Cummins India, Kirloskar Oil Engines, Apar Industries, GE Vernova T&D India, Schaeffler India all moved up up to 4%. Other significant gainers included Reliance Infrastructure, Coal India, Petronet LNG, and Welspun Corp, climbing 3.5% to 5%.
Lagging Stocks: Netweb, Aegis Vopak Lead Declines
While the market largely recovered, some stocks fell sharply:
- Netweb Technologies dropped 6.1% to ₹3,250
- Aegis Vopak Terminals fell 5.2% to ₹188.8
- Gujarat Gas tumbled 4.9% to ₹397.2 amid disruptions in R-LNG supply
- Sagility slipped 3.8% to ₹39.8
- Other notable decliners: Affle 3i, Praj Industries, Home First Finance, Metropolis Healthcare, Poly Medicure, Reliance Power, Siemens Energy India, Oil India, KPIT Technologies – all down over 2.5%
Summary
March 05 witnessed a relief rally in Indian equities, lifting major indices and reversing the steep losses from the past three days. Metals, consumer durables, defence, and capital goods stocks were the clear winners. On the downside, supply disruptions and sector-specific pressures weighed on select names.
The session reflected how markets can swing sharply, even amid geopolitical tensions, with investors reacting to immediate developments and sectoral opportunities.
Source: Livemint
Easy & quick
Leave A Comment?