On March 5, 2025, the Indian stock market experienced a notable uptick, with the Nifty 50 index climbing 0.65% and the BSE Sensex advancing 0.58%. This positive movement was predominantly driven by gains in information technology (IT) stocks, which had previously faced declines.
The IT sector led the charge, with the Nifty IT index rising by 2%, marking a reversal from its recent 8.4% drop. Notable contributors to this surge included:
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Coforge: The stock soared 9.7% after securing a significant deal with Sabre Corp.
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Persistent Systems: Shares increased by 4.6%.
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Infosys: The stock gained 1.5%, bolstered by a positive outlook from JP Morgan.
Broader market indices also reflected this positive sentiment, with both small-cap and mid-cap indexes registering gains. However, analysts advise caution due to ongoing global trade uncertainties, especially in light of U.S. President Trump’s recent discussions on implementing reciprocal tariffs.
In the energy sector, Reliance Industries Ltd. (RIL) saw its shares rise by 1.21% to ₹1,175.75. Despite this gain, RIL’s performance lagged behind some competitors, such as Gujarat State Petronet Ltd., which surged 7.36%, and GAIL (India) Ltd., which climbed 3.77%. Additionally, RIL’s trading volume was 348,560, below its 50-day average of 572,865.
Axis Bank Ltd. shares increased by 1.35% to ₹1,015.20, outperforming the BSE Sensex Index. However, the stock remains 24.21% below its 52-week high of ₹1,339.55. The trading volume for Axis Bank was notably lower at 22,613, compared to its 50-day average of 448,887.
HCL Technologies Ltd. experienced a 2.38% rise in its share price, reaching ₹1,572.50. Despite this uptick, the stock is still 21.81% below its 52-week high of ₹2,011.00. The trading volume for HCL Technologies stood at 70,248, slightly above its 50-day average of 66,188.
Dr. Reddy’s Laboratories Ltd. saw a modest increase of 0.57% in its share price, reaching ₹1,126.55. This performance was subdued compared to competitors like Lupin Ltd., which rose 2.91%, and Wockhardt Ltd., which surged 5.00%. The trading volume for Dr. Reddy’s was 51,439, below its 50-day average of 82,556.
In regulatory developments, India appointed new financial regulators to steer economic policy towards growth. Tuhin Kanta Pandey assumed the role of SEBI chief, succeeding Madhabi Puri Buch, with expectations of easing stringent regulations to boost market sentiment. Sanjay Malhotra, the new Reserve Bank of India governor, is also implementing growth-supportive measures. These changes aim to revive the economy following a sharp slowdown last year.
Overall, the Indian stock market showcased resilience on March 5, 2025, with significant contributions from the IT sector and strategic regulatory appointments aimed at fostering economic growth.
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