Indian Shares Rise Despite Global Concerns and Tariffs

Indian shares continued to rise for the fifth consecutive session. The market was buoyed by the rupee's recovery and foreign fund inflows, showing resilience despite global uncertainties.

Date: 21-03-2025

AI Rating: 7

In this report, Indian shares notably rose for five consecutive sessions, with strong market sentiment attributed to a rebound in the rupee and fresh inflows from foreign funds. This upward movement shows a resilience in the market which is significant for investor confidence.

Sensex and Nifty Performance
The benchmark Sensex saw a jump of 557.45 points (0.73%) to close at 76,905.51, while the Nifty index increased by 159.75 points (0.69%), finishing at 23,350.40. This indicates overall positive market performance which could lead to a favorable outlook for investors.

Market Breadth and Sector Performance
The market breadth was positive, with 2,829 shares rising compared to 1,210 shares that declined. Notably, BPCL, Bajaj Finance, ONGC, NTPC, and SBI Life were among the top gainers, each surging around 3%. This suggests strong investor interest and confidence in these companies.

The report also mentions that hotel shares saw significant demand, with ITC Hotels climbing nearly 3% and Ventive Hospitality rising by 2.4% amid expectations of continued growth momentum in the coming quarter. Such expectations could boost stock prices in the hospitality sector.

On the downside, companies like Infosys, Hindalco, Wipro, Mahindra & Mahindra, and Trent experienced a decline of 1-2%, indicating some sectors are under pressure amidst global market uncertainties, which could weigh on stock prices in these cases.

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