Wed Mar 05 07:30:00 UTC 2025: ## Indian Markets Surge After Longest Losing Streak in a Decade

**Mumbai, March 5, 2025** – Indian equity markets rebounded sharply today, ending a ten-day losing streak, fueled by easing trade tensions and oversold market conditions. The benchmark Sensex index jumped 901 points to close at 73,890, while the Nifty 50 index gained 295 points, closing at 22,377. Intraday highs saw the Sensex reach 73,933.80 and the Nifty 50 touch 22,395.

The surge follows comments from US Commerce Secretary Howard Lutnick suggesting potential tariff relief for Canada and Mexico. Analysts attribute the recovery to the indices finding support at their 500-day exponential moving averages and the market entering oversold territory, as indicated by the Relative Strength Index (RSI) for the Nifty 50 falling to 21.8.

Broad-based buying was evident, with significant gains across sectors. The Nifty Mid Small IT and Telecom index led the charge, soaring 4.5%. Other notable performers included Nifty Oil & Gas, Realty, PSU Bank, Metal, Media, IT, and Auto indices, all rising over 2%. The Nifty Midcap 100 and Nifty Smallcap 100 indices also saw gains of nearly 2% each.

Individual stocks contributing to the positive sentiment included Trent (up 5.5%), KPIT Tech, Persistent Systems, Cyient, Vodafone Idea, and Birlasoft (all up between 3.75% and 6.2%), and Mahindra & Mahindra, Power Grid, Adani Enterprises, Adani Ports, Tata Steel, NTPC, Eicher Motors, and Tata Motors (all up between 2.7% and 4%). However, Bajaj Finance, HDFC Bank, Grasim, and IndusInd Bank were among the notable laggards.

Market breadth was strongly positive, with 3,111 advancing shares against 667 declining shares on the BSE. The strong rebound suggests investor confidence is returning amidst signs of improved global trade relations.

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